Full time employees typically spend over half of their waking hours at work during the week. For many people, this can make it difficult to prioritize eating well, exercising, getting outdoors, and spending time with family and friends. Finding a healthy work-life balance is crucial for overall employee well-being.
If you’re a business owner or HR manager, wellness programs are a fantastic way to encourage your employees to take care of themselves—particularly when things feel overwhelming at work. Workplace wellness is essential for boosting employee satisfaction, improving productivity, and ultimately increasing retention rates.
Professional employer organizations (PEOs) can help implement employee wellness programs so that your workers are always supported and motivated to focus on their well-being. Let’s dive into the importance of wellness in the workplace, how PEOs support and enhance wellness initiatives, and the benefits of PEO-managed wellness programs.
The Importance of Wellness in the Workplace
For many people, a large part of the day is spent working—whether from home or in an office. Despite spending so much time at work, the rest of life keeps moving as well. When things are stressful in one area of life, other areas are also often impacted. From family responsibilities to financial stress, there can be a whole host of factors that lead to overwhelm or burnout.
Wellness in the workplace is important for encouraging employees to take care of themselves. Wellness programs are a great way to motivate your employees to develop healthy habits that can not only help support them at work, but at home as well.
Employee wellness initiatives might look like offering regular health screenings, providing healthy options in workplace cafeterias and vending machines, or offering programs to help employees stop smoking. Employers may include free gym memberships to their employees or offer weekly yoga classes in the office.
Being able to properly manage stress is crucial for reducing burnout. Ultimately, when your employees feel happy and healthy, productivity and retention rates increase.
How PEOs Support and Enhance Wellness Initiatives
PEOs handle businesses’ administrative tasks—like payroll, workers’ compensation, benefits management, and training and development programs.
Offering comprehensive benefits packages is one way that PEOs support wellness initiatives. Because PEOs partner with many businesses, they’re able to negotiate lower group rates while locking in excellent coverage options for employees.
In addition to great comprehensive benefits, PEOs can also offer educational training programs that promote employee health and wellness. These corporate wellness programs might surround things like nutrition or creating a healthy work-life balance—providing practical information that your employees can apply to their own lives.
Health and wellness, however, extends beyond nutrition and exercise. PEOs may also offer resources like mental health counseling or educational programs about financial planning and budgeting.
Benefits of PEO-Managed Wellness Programs
As a business owner or manager, delegating is an essential part of running a successful company. When you outsource your health and wellness programs to a PEO, they’ll take charge of implementing the programs as well as collecting data from those initiatives. This allows you to gain a clear understanding of what’s working and what’s needed in terms of employee wellness within your organization.
Analytics are also necessary to help ensure your company is in compliance with state and federal regulations. This is crucial for helping to avoid health and safety risks in the workplace.
Working with a PEO to implement wellness programs within your company means partnering with experts in training and development programs. When you partner with a PEO, the administrative tasks are taken care of for you—which means you have time and space to dedicate directly to your employees.
The Impact of PEOs on Employee Well-Being
Promoting health and wellness in the workplace is essential for keeping your employees happy—both at work and at home. Encouraging your employees to take care of themselves mentally and physically not only helps improve overall well-being, but it also increases employee retention.
PEOs knows what’s needed when it comes to employee health and wellness programs. They’re experts at admin as well as the analytics necessary to determine what kinds of wellness initiatives could be beneficial to your company. If you’re ready to partner with an experienced PEO to help enhance your employee wellness programs, reach out to PEOPayGo today!
Well-thought-out, strategic workforce planning is essential for the success of any business. As a business owner or HR manager, using solid data to back up your decision-making process is imperative when it comes to planning. Where does this data come from and how can it help inform your workforce planning?
Professional employer organizations (PEOs) provide analytics for strategic workforce planning and decision-making. This can be incredibly useful for understanding where strengths and weaknesses are in your business, improving productivity, and boosting employee satisfaction and retention. Let’s dive into the role of analytics in strategic workforce decisions and how PEOs provide workforce analytics to improve the future of workforce planning.
The Role of Analytics in Strategic Workforce Decisions
Building a successful business doesn’t have to be done arbitrarily. Most likely, arbitrary decision-making within your organization won’t help you get the results you hope to achieve. Taking out the guesswork and looking at the data can make things much more streamlined and straightforward.
Employee analytics are crucial when it comes to making strategic workforce decisions. Data can help employers get a clear understanding of their employees’ strengths, as well as what specific weaknesses they may have. This can be useful in helping identify what areas need improvement among current employees—what training or development programs can be implemented to strengthen certain skills. It can also help identify the types of skills you might look for as a business owner or manager when recruiting new hires.
Analytics also allow you, as an employer, to track your employees’ performance and productivity. Having clear data and numbers in front of you gives you the ability to make decisions from an informed perspective. Are your employees in the roles that make the most sense based on their specific set of skills and interests? What changes can be made to help your employees stay motivated and on-task throughout the day?
Ultimately, when your team members feel supported in the roles that fit their skills and abilities, overall employee satisfaction improves. The happier your employees are at work, the more likely they are to stay. They’ll continue to grow and evolve with your company, and you’ll have a solid team of workers who love what they do as well as the environment they’re in.
Other HR analytics like overtime trends, absenteeism, and late clock-ins can also be incredibly valuable for employers to understand.
How PEOs Provide Workforce Analytics
PEOs are experts in all things human resource management. They step in to support small and medium-sized businesses with their administrative tasks. Whether you have one or one hundred employees, partnering with a PEO can help alleviate the stress that comes with handling payroll, workers’ compensation, risk management, and onboarding new employees.
PEO software offers a dashboard for all employees to clock in and out, access their personal data, and view their payroll or any workers’ compensation claims. This software allows PEOs to track and provide workforce analytics that can be crucial to strategizing and planning.
PEOs provide descriptive reports that can help identify strengths and weaknesses within the company, employees’ skill sets and where they can improve, trends in overtime or absenteeism, and company data like customer purchases and inbound traffic.
By utilizing the data that PEOs provide, business owners and HR managers are able to make informed decisions to help their employees—and ultimately their companies—thrive and succeed.
The Future of Workforce Planning with PEO Data
Successful businesses are built off of strategic workforce planning that’s informed by solid data and analytics. Utilizing PEO analytics for decision-making within your business can be incredibly beneficial not only to your company itself, but also to your employees.
PEO data can help you identify strengths and areas of improvement, and help ensure that your employees are in the right role for their unique set of skills. The higher your employee satisfaction rates are, the better employee retention will be.
If you’re ready to optimize your business by utilizing PEO analytics, reach out to PEOPayGo today. Our experienced team can provide analytics for your organization and help you navigate the data so that you can develop a strategy that makes sense for your company.