Corporate Yoga Scheme – Company & Employee benefit
How would you like to improve productivity, reduce sick days, have happier/more committed employees and therefore a higher retention of staff? A simple way to achieve this is by looking after your employee’s wellbeing. Are they healthy? Do they have time to exercise? Are they happy? Do they have time for mindfulness? How is their work/life balance? Are your staff working to their full potential?
In a busy working environment, we sometimes forget to stop and take a moment to think about our mental health and general well-being. This in turn leads to stress related illness and injuries.
It’s no secret that happy employees lead to a more productive and successful company. In fact, employee satisfaction is now being viewed as one of the most important indicators of a company’s overall success. I believe employee engagement in wellbeing is key to finding this employee happiness – and the benefits of wellness practices in the office & workplace are enormous, for employer and employee.
Overview
A qualified Yoga Alliance Registered Teacher will take employees through a variety of yoga sequences and mindfulness exercises. Research has shown that yoga calms the central nervous system while physically conditioning. Employees feel less stress and anxiety as a result of the practice of yoga. Enthusiasm is booming for such mindfulness-based cognitive therapy (MBCT) courses, which an Oxford University study has found can reduce relapses into depression by 44%. It is, say the researchers, as effective as taking antidepressants.
Benefits to your workplace
• Improves productivity. Yoga provides relaxation and not only reduces staff members’ stress levels but more importantly from a business perspective, it increases concentration levels and improves the staff members’ performance/productivity. Research has shown that happy employees are more productive. A study conducted by a team at the University of Oxford’s Saïd Business School has produced evidence that happy employees do a better job. The study found that happy employees not only worked faster, making more calls per hour, but also achieved 13% higher sales than their unhappy colleagues. Interestingly, the happy employees did not put in more hours than their unhappy colleagues to achieve their superior results. They just used their time more productively.
• Improves physical wellbeing and strengthens immune system which means healthier staff members and less sick days. According to the Office of National Statistics (ONS), the average number of sick days per year in the UK is 4.41. However, a recent report has revealed that there has been an increase of 45% in sickness absence rates since 2019, with each business recording an average of 133 sick leave days in 2022, up 30% compared to 102 in 2021. Assuming that the employee is eligible for SSP and the employer has no additional sick pay policy in place, the cost of 133 sick days for an employee with a salary of £27,600 (the average UK salary for full-time workers) would be approximately £2,914.04. This is calculated by multiplying the daily rate of SSP (£21.88) by the number of sick days (133). (Please note that this is a rough estimate and does not consider other factors such as the cost of hiring temporary staff or the impact of sick leave on productivity).
• Improves the mental well-being of the staff members. Many sick days are taken because of mental health problems - in adults, the proportion of individuals showing symptoms of depression has almost doubled since the start of the pandemic, according to the Office for National Statistics.
• Increases staff morale. These classes provide opportunities for work-life balance, which can help employees maintain a healthy work-life balance and reduce stress. They encourage team-building and social activity to help employees bond and build relationships.
• Improves staff retention. Offering employee benefits such as these classes can help employees feel valued and appreciated. This can also help attract new talent and retain existing employees. According to a study, the more satisfied an employee is, the more committed they are to an organization. This, in turn, leads to more positive contributions to the company. The researchers of this study found that employee loyalty was not affected by how well the company was doing financially. A person who finds joy in their work is likely to remain loyal to the company. They can focus on their tasks better, and this can improve productivity and employee retention. Companies may also spend less time and money on hiring and training new employees. On the flipside, disengaged employees are unhappy employees, which costs the world $8.8 trillion dollars, or 9% of global GDP, according to Harvard Business Review.
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