More than 40 local business leaders and representatives attended a presentation yesterday (15 November) by senior government policy adviser on work and health, Professor Dame Carol Black FRCP FMedSci on how improving workplace wellbeing can have a positive impact on financial results.
The event, at Braxted Park, Witham, entitled “Better Workplaces Equals Better Financial Results” was organised by Price Bailey Legal Services, a division of established chartered accountants and business advisers, Price Bailey.
During the event, business representatives examined how improving workplace wellbeing can ultimately improve the bottom line of any business by reducing sickness absence and staff turnover, for example, whilst boosting productivity. In addition to Dame Carol, the event included a case study from Jonathan Hey, owner manager of Westbury Garden Rooms Ltd. Jonathan shared how his company has implemented wellbeing initiatives for its employees which has directly impacted on the success of the company, and allowed them to be awarded the Investors in People, Silver Mark.
Dame Carol said: “Key features common to organisations which have improved health, wellbeing, resilience and engagement of staff include accountable trained managers who empower staff and enable engagement,” she continued. “This is evidence that resources should first be focused on training line managers rather than just introducing wellbeing schemes such as providing fruit or implementing cycle to work schemes.”
“Dame Carol is a renowned expert on the subject of workplace wellbeing, being an expert adviser on work and health to NHS England and Public Health England, amongst other roles. Dame Carol is an inspiration and very knowledgeable in workplace wellbeing so we were very privileged that she agreed to join our event,” said Anna Harvey, Partner, Price Bailey Legal Services.
“At Price Bailey we are passionate about workplace wellbeing and the benefits it can bring to businesses. We believe that developing clear and tailored strategies to empower individuals to improve their wellbeing will benefit an organisation’s wellbeing, such as profitability. As Dame Carol said, this is not ‘soft and fluffy’ concept and is fundamental to the ongoing prosperity of organisations” said Price Bailey Legal Services Partner, Vikki Pratley.