“Health is wealth”.
Often, we see this quote on posters at different establishments or hear it from radio and TV commercials. It is a good reminder for us that being healthy, mentally and physically, is more valuable than material wealth. Essentially, prioritizing overall well-being is key to enjoying life and achieving success—success for both individuals and businesses.
Studies have shown that improved employee health and well-being contribute to the success of organisations. For one, research by the World Economic Forum (WEF) revealed that investment in employee health results in increased global economic value.
Understanding how businesses and individuals can benefit from health-centered company policies is key in ensuring success in many aspects.
The business perspective
Human capital is the heart of businesses. Without the skills, knowledge, and unique experiences of employees, a business cannot thrive. The collective effort and expertise of individuals are essential for innovation, productivity, and sustained success. By nurturing and investing in employee well-being, organisations can achieve remarkable growth and sustainability.
Organisations that prioritise employee health see significant benefits, as highlighted by the McKinsey Health Institute’s Employee Holistic Health Survey in 2023. These benefits include reduced presenteeism and enhanced employee engagement. Gallup’s research supports these findings, indicating that a highly engaged workforce is more profitable because they are “more observant of processes, standards and systems”. Healthy employees are also less likely to take sick days, leading to consistent and efficient task completion which “help organisations improve customer relationships and obtain impressive organic growth.”
Employee health also contributes to better business outcomes and provides a competitive business advantage. Firms that take care of their employees’ health and well-being are seen to have superior stock performance than their competitors, according to a study. Additionally, companies recognised for their health, safety, and well-being initiatives saw a 115% increase in earnings per share, significantly outpacing the 27% growth observed in their competitors. All in all, businesses that involve senior leadership in supporting the well-being of their teams are more likely to be recommended by their employees as a good place to work, which in turn leads to attracting, recruiting, and retaining top-performing talents.
The employee perspective
While businesses yield significant benefits in investing in employee health and explore ways to further improve well-being initiatives in the workplace, the employees also thrive, leading to a more motivated, productive, and loyal workforce.
Through access to a wide range of health assessments and preventive care, employees can proactively manage their health, detect potential medical problems early, and take steps to prevent chronic conditions. Not only can this approach enhance their overall well-being, but it reduces the risk of serious health problems in the future as well. Employees who feel that their well-being is valued are more satisfied with their jobs, which can lead to higher morale and engagement, based on the WEF’s study.
Beyond physical wellness, having sound mental health is vital to the work performance and holistic health of employees. According to 2023 MHI research, toxic workplace behavior is among the strong drivers of negative health outcomes at work. Experiencing loneliness, the desire to leave an organisation, and feeling burnout have direct effects on employees’ mental health as well. Businesses that provide initiatives to support mental wellness have happier employees who are more likely to handle stress well, adapt to change, communicate effectively, and maintain focus and productivity.
Wellness activities that promote collaboration among the workforce, such as team sports, fitness challenges, and group meditation help in creating better relationships within teams, enhance creativity, and contribute to more effective problem solving. A study also found that employees who participate in wellness activities have higher job satisfaction. Moreover, 61 percent of employees agree that they’ve made healthier lifestyle choices because of the wellness programs being offered at their companies.
What businesses can do
More than actively promoting wellness programs and improving health, businesses must also keep in mind that prioritising the overall well-being of employees and creating an inclusive and sustainable workplace are what drives significant growth. It is crucial for businesses to ensure that their employee health initiatives evolve and adapt to changing needs. Here are some additional strategies to address this:
Actively engage with employees
Regularly conduct check-ins with employees and gather feedback on how their companies can further improve their benefits package depending on their needs. More than just being “perks”, a package tailored to them makes employees feel more valued, satisfied, and motivated in their work. At my firm, P&A Grant Thornton, we hold annual debriefings with our partners and staff, providing a judgment-free space for everyone to openly communicate their needs.
Encourage senior leadership to actively support well-being initiatives
Studies show that employees with senior managers who are involved and committed to participating in well-being initiatives are more likely to feel that their organisation helps them develop a healthy lifestyle. By creating a culture of wellness from the top, businesses can create a more supportive and productive atmosphere.
Help people connect with communities
Human resources experts have noted that encouraging employees to participate in activities such as volunteering, caregiving, community clean-up and donation drives contribute to higher levels of engagement and job satisfaction. Additionally, leisure activities such as those mentioned lower the rates of depression, blood pressure, cortisol, and physical function.
Create ergonomic workspaces
Research by a global insurance company suggests that to promote healthier work habits for employees, physical environments must be reshaped into ergonomically designed workspaces. This helps employees to collaborate and complete tasks comfortably. It also promotes proper posture, reduces physical strain, and repetitive stress injuries.
Provide flexible work arrangements
Because of varying employee needs, businesses must ensure their workforce feels valued and supported in their life outside the workplace, such as attending to personal commitments and family matters, by offering alternative work schedules.
Prioritising employee health is not just a “nice to have” in any organisation; it is a fundamental necessity. Businesses that adapt to employees’ changing circumstances at work and in their personal lives could ultimately result in a workforce that is happier and enjoys life more. When employees feel that their needs are heard and valued, it builds trust between the organisation and its workforce, reflecting a shared commitment to achieving success and creating a fulfilling workplace culture.
As published in The Manila Times, dated 27 August 2025
