Cost Effective Workplace Wellbeing

Good workplace wellbeing makes good business sense.

A cost effective strategy will allow you to unlock the full potential of your workforce making you a high performance business. Retain and attract the best employees to reduce and recruitment costs; improve engagement, creativity and growth.

One of the biggest misconceptions is that workplace wellbeing is a luxury—an expense only viable when business is booming.

In reality, cost-effective wellbeing initiatives drive business success. Companies investing in wellbeing achieve their results by prioritising their most valuable asset: their people. These organisations are benefiting from a thriving, motivated, and valued workforce.

Your People: The Superpower Behind Success

Your people are your competitive advantage—but only if they feel supported, valued, and healthy. Conversely, when employees are unhappy, undervalued, or in poor health, they can become your greatest challenge—and your highest cost.

The way you support and care for your employees directly impacts their performance, productivity, and overall contribution to your business.

Key Metrics: Evaluating Wellbeing’s Value

To make the case for wellbeing that works, it’s essential to measure the impact of wellbeing investments. Here are key performance indicators (KPIs) to track:

1. Training Costs

• How much did you spend on training this year?
• How much of that investment was lost due to staff turnover?
  (= £COST)

2. Recruitment Costs

• How much did you spend replacing employees who left?
  (Include agency fees, job ads, and internal resource allocated to replacement.) (= £COST)
• Lost productivity and additional stress on remaining staff often amplify these costs.

3. Temporary Staffing Costs

• What did you spend on agency staff to cover absences due to sickness or turnover?
  (= £COST)

4. Impact of Underperformance

• Did missed deadlines, lost sales, or errors by underperforming staff impact your bottom line? (= £COST)

The ROI of Wellbeing

For seven years, Deloitte has tracked the business impact of workplace wellbeing, particularly around mental health. Their 2024 report shows that for every £1 invested, organisations see an average return of £4.70.

• A £10,000 investment in wellbeing initiatives can yield up to £47,000 in savings.
• Retaining just two employees per year or preventing the ill health of a Senior Manager can help you break even.

Wellbeing That Works: A Holistic Approach

Wellbeing isn’t an expense—it’s an investment in building a performance culture while reducing operational costs.

At YOLO Wellbeing we specialise in delivering personalised wellbeing solutions that create measurable outcomes for your business.

If you want to transform your workforce and improve your bottom line contact us today and let us help you build a business where wellbeing works.

Contact us: 01772 283139 or email: hello@yolowellbeing.co.uk