 How we invest in human capital at this time may prove the difference between businesses that stand the test of time and those that do not. Here are some of the key benefits of investing in the physical and mental wellbeing of your workforce and how that translates into higher productivity. Better Health, Better Performance Studies have shown that high wellbeing correlates with many individual traits that influence ability to work cooperatively as part of a team. Wellbeing has been shown to make employees more productive (Roberston, 2011), with those individuals with high wellbeing more likely to be rated as ‘high performance’ by their supervisors and to achieve a better financial performance (Wu, H et al 2016). Research has also shown that happy workers are healthier workers (Oswald, 2016). Those with higher levels of wellbeing tend to bounce back from negative events faster and experience a lesser decrease in their mental health when encountering a potentially stressful or challenging situation compared to their less-happy counterparts (Tay, L., & Diener, E. 2011). Lower rate of Absenteeism In Australia alone, employees take around 8.8 days of unscheduled leave annually, costing the economy over $44 billion dollars per year (Food Mag, 2018). Heightened individual wellbeing has been shown to correlate with lower levels of absenteeism, and reduced interruptions to collaborative projects in the workplace. (Jones et al, 2018). Lower rate of Presenteeism We often get to hear about the downside of absenteeism, but seldom do we discuss presenteeism which can be equally or at times even more disruptive to a business. Presenteeism refers to the periods when your employees come to work despite mental or physical illnesses. It is the state during which they are not in the mental and physical condition to deliver optimal performance. Presenteeism costs businesses up to 57.5 days in lost productivity each year, which is much higher than the 4 days lost due to absenteeism (HRD, 2020). Reports indicate that Australia alone pays a price of $34 million annually due to lost productivity caused by presenteeism (ABC News, 2016). Profit Maximisation Employees working in an environment where they feel valued and heard are 4.6 times more likely to deliver their best (Forbes, 2019). This is because people are more collaborative than ever before and give a hundred percent when they feel they are working ‘with an organisation’ rather than ‘for an organisation’. Studies highlight the strong correlation between employee wellbeing and productivity at work:
Workplace wellbeing initiatives can help to foster a work environment in which employees can thrive. It aligns the values of individual employees with organisational goals, which eventually translates into business benefits such as better performance, productivity and increased profits. Collagis is committed to helping businesses like yours to optimise workforce and organisational effectiveness. We'd love to share with you how we can help you address wellbeing in your workplace. Links to references
Food Mag. (2018, April 09). The cost of absenteeism. Retrieved December 10, 2020, from FoodMag: https://foodmag.com.au/the-cost-of-absenteeism/#:~:text=On%20average%2C%20Australian%20employees%20take,%2444%20billion%20per%20year2. Oswald, A. J., Proto, E., & Sgroi, D. (2015). Happiness and productivity. Journal of Labor Economics, 33(4), 789-822. Tay, L., & Diener, E. (2011). Needs and subjective wellbeing around the world. Journal of personality and social psychology, 101(2), 354 Wu, H., Sears, L. E., Coberley, C. R., & Pope, J. E. (2016). Overall wellbeing and supervisor ratings of employee performance, accountability, customer service, innovation, prosocial behavior, and selfdevelopment. Journal of occupational and environmental medicine, 58(1), 35.  Workplace wellbeing refers to everything that creates a favourable work atmosphere for employees to thrive in and deliver their very best. It includes the implementation of safety measures, physical safety, peace of mind, work hours, employee physical and mental health, and also how employees feel about their work and workplace (The ILO, 2020). Over the past decade, employers in Australia have realised the significance of employee health and wellbeing. In fact, there has been a higher emphasis in recent times on the importance of mental health, which was earlier largely overlooked. According to a Beyond Blue survey, over 91% of Australian employers now agree that mental wellbeing is important, and this is slightly more than the 88% who agree that physical wellbeing is (Beyond Blue, 2020). The same study also shows the impacts of recent mental health trends on the workplace. It shows that one in every five Australian employees has claimed at least one day sick leave due to mental health conditions during the previous twelve months.  Whilst workplace wellbeing has always played a pivotal role in ensuring optimal utilisation of human resources (Nordea, 2020), its importance since the 2020 pandemic cannot be overlooked. How we invest in human capital at this time may prove the difference between businesses that stand the test of time and those that do not. Our people survived through 2020, holding on to optimism that things will eventually return to normal. As 2021 is upon us, and a new normal emerges, are we prepared to help our employees thrive in this new world? Collagis is committed to helping businesses like yours to optimise workforce and organisational effectiveness. We'd love to share with you how we can help you address workplace wellbeing. References:
 The Challenge. Do you find yourself wasting time looking for things at work? Whether it’s paper or electronic files the frustration that comes with not being able to find that document or file is stressful and can reduce effective output.
The Cost. In short, the cost of not being able to place your hands on that item of work you need is time. Some people we work with waste up to an hour a day trying to find things. What could you do with an hour of time back in your work day? Simple tips to help you find things in rapid speed
Whatever approach you use make sure that it’s serving you and not the other way around! Want to know more about how you can improve your productivity in the workplace? Contact us at info@collagis.com.au OR visit collagis.com.au/pep to find productivity programs for your workplace. We'd love to hear from you. [1] https://hbr.org/2012/01/tip-for-getting-more-organized.html [2] https://www.whatsbestnext.com/2008/12/filing-vs-piling/ [3] https://www.mindtools.com/pages/article/newHTE_85.htm  By Andrew Gallaway
The Challenge. What do you feel when you're in the zone - reading, writing, thinking - at work? Fulfilled, purposeful, in control? How do you feel when someone interrupts you in the zone? Frustrated, important, stressed, willing to please? Mixed feelings right? That's probably because there are 'good' interruptions and 'wasteful' interruptions. The good interruptions are when you're being informed of something that's urgent and important. The 'whoop, whoop' of the alarm is a great interruption if the building is on fire! But the wasteful interruptions can be damaging to an organisation because everyone loses - the interrupter and the interrupted. Neither is doing productive important work during the wasteful interruption. The Cost. Three interruptions per hour can cost you up to 30 minutes of time when you consider how long it takes to deal with the interruption and then get your mind back into work.[1] 5 Simple Tips to find your zone during work time 1. If someone comes into your workspace and interrupts you it’s likely that they consider the issue important; they might even be super pumped and excited. But how important and urgent is it compared to what you’re doing right now. The first step is to assess the nature of the interruption. “How can I help you?” If the matter is more urgent, drop what you’re doing and deal with it. If it isn’t, then could you make a later time that day to talk? 2. Consider saving up those important but not urgent conversations for another time. Collect your thoughts, emails, issues in a folder and take them to a 1:1 meeting with a colleague or a group meeting where the session is planned. It could be once or more per week. Cover off the matters you and your colleague have saved up during that session. You'll be amazed at how much time you save by batching those discussions. 3. Recognise if there’s a problem with interruptions in your workplace. This is important because interruptions can happen quite unconsciously and can become an organisational habit. So, awareness is the first step. 4. Talk to each other! If there’s a problem with interruptions talk to the team and get buy-in to recognise the costs. 5. Find the right place to work. At Collagis we believe that work needs to be done in the right workspace. If you have to do work where you need to concentrate and not be disturbed, could you book a meeting room to work in for an hour or so? Tell someone where you are going just in case and ask not to be disturbed unless it's an emergency. You'll only be gone an hour or so! Finding the right environment during work hours is kind of like coming into work early or staying late because that's the only way you can get work done; no one else is around to bother you. Think about it! Why are you doing that? Work in work hours as much as you can by creating the right conditions for you to get the work done. Want to know more about how you can improve your productivity in the workplace? Contact us at info@collagis.com.au OR visit collagis.com.au/pep to find productivity programs for your workplace. We'd love to hear from you. [1] https://www.forbes.com/sites/markmurphy/2016/10/30/interruptions-at-work-are-killing-your-productivity/#4fa3968f1689  Author: Andrew Gallaway
The Challenge: Do you find some people a joy to work with and others...well, not so? It could be that you have unrecognised preferences in the way each of you work. The Cost: When work preferences are at odds it can lead to frustration, stress, wasted time and in the worst case conflict at work. This situation is no way for a team to progress and be effective. 6 simple tips to discover and embrace work preferences
Want help to implement your work preferences review? Speak to Collagis today about how you can make a real difference to your team's effectiveness today. Contact us at info@collagis.com.au or visit www.collagis.com.au/pep to find productivity programs for your workplace. We'd love to hear from you. |
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