South African businesses have been warned that waiting too long to address employee wellbeing could be costing them billions.
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South African businesses have been warned that waiting too long to address employee wellbeing could be costing them billions.
According to the World Health Organisation, depression and anxiety alone cost the global economy around R16 trillion in lost productivity each year, while in South Africa, workplace stress and burnout are estimated to cost the economy roughly R160 billion.
Bernise Games, Head of Marketing at YuLife, warned that companies that wait too long to address employee wellbeing risk higher absenteeism and lower engagement.
“Too often, employee benefits only step in once a problem has already taken hold,” Games said.
“The real opportunity lies in engaging employees earlier and helping them build healthier behaviours every day. When organisations prioritise proactive wellbeing, they’re not only supporting their people, but they’re also strengthening the long-term resilience and productivity of their business”.
He added that technology-driven wellbeing platforms and preventative programs can help companies identify risks early, encourage healthier daily habits, and reduce long-term costs, creating a more engaged and productive workforce.
"Technology is beginning to change that equation. Digital wellbeing platforms now allow organisations to engage employees continuously rather than relying on occasional wellness campaigns or once-off interventions. Behaviour-driven engagement models encourage individuals to adopt healthier habits through small, consistent actions".
"Gamification, incentives and personalised insights can help sustain participation while giving employers greater visibility into workforce wellbeing trends. This shift is also giving rise to a new generation of insurers that are rethinking the traditional employee benefits model".
According to YuLife, linking wellbeing initiatives to incentives and data insights allows companies to move beyond reactive benefits.
"The long-term impact of this shift could reshape the economics of employee benefits. Healthier employees tend to be more engaged, productive and resilient. Early intervention can reduce the likelihood of more serious health issues that lead to extended absence or long-term claims"
IOL Business