Simplyhealth’s latest white paper explains why good health equals good business
In Simplyhealth’s latest white paper ‘Good health is good business’, Patrick Woodman, Head of External Affairs from the Chartered Management Institute (CMI) explains how implementing a well thought out health and wellbeing strategy can lower employee turnover, reduce sickness absence, and improve productivity and morale.
Patrick Woodman comments: “The UK’s prolonged economic downturn has put organisational performance and individual wellbeing under much strain. Some businesses are struggling to survive, and whilst they may want to support their employees, they may also be concerned that implementing a health and wellbeing strategy will incur increased costs at a time when cost cutting is the order of the day. Yet initiatives to promote better health and wellbeing are more an investment than a cost with the potential to generate substantial returns.
“Investment in employee benefits needs to happen at the same time as cultural change, especially when it comes to management style. Simply put, bad managers are bad for employee health and bad for business. Developing more open, accessible and innovative management styles as part of a health and wellbeing strategy benefits the employer and employees alike.”
On average managers are working an extra nine weeks per year . This is significant statistic but can we really say we’re surprised? This white paper addresses misperceptions that a health and wellbeing programme is a costly ‘nice to have’ but rather a long term strategic must have that offers both financial and non financial benefits to an organisation. By investing in our people, they will invest in us and help to build strong businesses for the future.
Upcoming white paper topics:
- Combining Employee Benefits Packages – making efficiencies
- Self funded health plans and tax efficient wellbeing
Simplyhealth offers private medical insurance, health cash plans, dental plans and self funded health plans to help employers reward staff in a way that suits their company. In fact, 20,000 companies choose Simplyhealth as their healthcare provider. For more information about our range of corporate health plans please visit www.simplyhealth.co.uk.
To view a full copy of this white paper or to find out further information about Simplyhealth please visit www.simplyhealth.co.uk/business and go to ‘Free resources’. To view the CMI/Simplyhealth Quality of Working Life Report 2012 please go to www.simplyhealth.co.uk/media. For more information about the CMI please visit www.managers.org.uk.
About Simplyhealth
- We became Simplyhealth in 2009 after bringing together HSA, BCWA, LHF, HealthSure, Totally Active, our family of health companies have joined together over the last ten years to form Simplyhealth
- In December 2011, we acquired Denplan Limited, the UK's leading dental payment plan specialist
- We’ve been providing healthcare solutions for 140 years, dedicated to serving our customers and patients through a variety of cash plans, dental plans, private medical insurance, self funded health plans and mobility and living aids
- Simplyhealth is a trading name of Simplyhealth Access, which is authorised and regulated by the Financial Services Authority
- Simplyhealth as it stands today, now covers nearly four million people with health plans (more than any other company) and helps 20,000 companies with their employees’ health
- Simplyhealth is committed to making a positive impact on its communities. Each year, we donate over £1 million to health related charities and causes
About CMI
- The Chartered Management Institute (CMI) is the only chartered professional body in the UK dedicated to promoting the highest standards of management and leadership excellence.
- As a membership organisation, CMI has been providing forward-thinking advice and support to individuals and businesses, for more than 50 years, and continues to give managers and leaders, and the organisations they work in, the tools they need to improve their performance and make an impact As the only organisation to offer qualifications from Level 2 (GCSE) to Level 8 (PhD), CMI is committed to equipping individuals with the skills and knowledge to be exceptional managers and leaders.
- Qualifications and accreditations such as Chartered Manager, combined with products such as CMI’s Continuous Professional Development scheme and the online support resource, ManagementDirect, support the development of management and leadership excellence across the UK.
- Through in-depth research and policy surveys of its 90,000 individual and 450 corporate members, CMI maintains its position as the premier authority on key management and leadership issues.
- Download the CMI-Simplyhealth report, “The Quality of Working Life”, at www.managers.org.uk/workinglife2012 - plus free access to CMI checklists and expert guidance from Simplyhealth