COCONUT CREEK, Fla. (February 2, 2016)—It is no secret that when employees are generally happy in their lives and feel appreciated at work they tend to perform at a higher level. But lost productivity as a direct result of absenteeism (when the employee does not come to work other than for reasons of planned absences) and presenteeism (the employee comes to work but is unable to focus on their work) also has a cost. As science and medicine continue to discover a strong connection between our emotional state and our health it is vital that we account for this in the workplace.
Recently Deloitte reported that the cost of this lost productivity is 2.3 times the cost of medical and pharmaceutical expenditures per employee. This nets out to $30,000 per employee; therefore a company with 50 employees could lose as much as $1.5 million per year to absenteeism and presenteeism. One market estimate suggests that replacing just one employee will cost at least $4,800, and likely much more for supervisors and above. So it makes sense to help employees perform at their best. Firms are adopting wellness programs, which can be a great help. Yet few companies are likely to have the in-house resources to provide solid content that helps employees live better lives at work and at home.
Valumatrix is pleased to introduce “The Fifth Element,” a weekly newsletter for employees that contains information and inspiration to help them in their daily lives. Each month will feature an overarching theme and each week will have a different focus including work, self, family and relationships. The content is developed and provided by Lynn Everard, a former corporate director level employee with a passion for encouragement, and Cathy Silver, HC, a holistic counselor. Both are gifted writers and teachers who between them have experienced life’s highs and the lows in both their professional and personal lives. They share a deep desire to make a difference in people’s lives.
According to Lynn J. Everard, Valumatrix Managing Director, “At a time when it is getting more and more difficult for companies to raise their prices, productivity improvements are becoming a preferred approach to shoring up the bottom line. Our goal with this publication is to assist companies in increasing employee engagement ultimately leading to productivity improvements and better work/life balance”
Visit valumatrix.net for more information.
