fitness workplace wellness

Video: Why Well-Being Matters for Work, Individuals and Society

Yesterday we posted on the links between work, health and well-being?

We noted that the Chartered Institute of Personnel and Development writes that “fostering employee well-being is good for people and their employers. Promoting well-being can prevent problems from escalating and help create positive working environments where individuals and organisations can thrive. It can be a core enabler of employee engagement and productivity, and there’s growing evidence that employee wellness programmes can have a positive impact on key organisational performance indicators.”

The group also posted a useful, quick video from Professor Lord Richard Layard of the London School of Economics on “why well-being matters – for individuals and society:”

Here’s a transcript, provided by the Chartered Institute of Personnel and Development:

“Well, it’s what Iife is all about, isn’t it? I believe that the way we should judge our society is by out how much people are enjoying their lives. And that applies just as much of workers in the rest of life.” 

“So I think well-being is an issue for individuals but it’s also a business issue. For individuals, we know a lot about how they feel about their life at work and it’s not terribly good news. The new science of happiness has led to people to study how people experience, say, the previous day of their lives, so they may write down what they were doing, who they were with, and how they felt, and the depressing story is – this comes from a large number of surveys now – the time of day that people most disliked is the time which they spend with their boss.”

“This is a pretty serious situation. I would say that managers are not doing a great job and-and-and-and in our modern society in terms of promoting the well-being of their people and are not obviously inspiring them. There’s an element of fear and so on associated with work which may not be functional. For the following reason: look at it from the point of view of the business. We can follow the stock price of companies according to how good they are places to work, so if you take the 100 best places to work in 1985 in the United States and compare them with the rest of the stock market, you will find that the stock price of the 100 best places to work over the following 25 years rose by fifty percent, compared with the rest of the American companies.”

“So it pays off, it’s good for the bottom line, and it’s good for the workers, so that has got to be a serious priority for business.”