We spend about a third of our waking hours at work, so when considering our own and our team’s wellbeing and taking steps to improve it, work ought to be a large consideration.
Great British Entrepreneur Awards partners yulife can help entrepreneurs and leaders to take care of their employees’ financial, mental and physical wellbeing via their app which includes life cover and rewards for healthy behaviour.
Built upon the four pillars of wellbeing and a shared mission they have with Dr Rangan Chatterjee, yulife know that by achieving a balance across the four pillars (Relax, Eat, Move and Sleep), they can help entrepreneurs and their people reach optimal health.
Wellbeing makes business sense:
The yulife app is a suitable and strong wellbeing framework for entrepreneurs and leaders to embrace company-wide. Prioritising wellbeing as an employer can impact significantly on business performance with a strong framework contributing to and influencing talent acquisition, retention and even a businesses bottom line.
A new study conducted by yulife in collaboration with Hymans Robertson revealed that 53% of employees say they would always choose an employer which positively contributes to their wellbeing – even if it meant earning less money. This means that in addition to looking after the health needs of existing employees, implementing some (often simple) changes into your workplace to support your workforce to be financially, mentally and physically well, can actually potentially help you to win the war for talent too.
However, yulife’s research also revealed that there is a significant gap between the number of employees that find workplace wellbeing important, and the ones who feel like their current role has a positive impact on their wellbeing. So what can entrepreneurs do to help foster wellbeing in their workplace?
As a young entrepreneurial company themselves, as well as pioneers in the fields of fintech and wellbeing, yulife are passionate about supporting the next generation of business talent.
Sammy Rubin, Founder of yulife, built his first business in his 20’s, and even though he’d had success, he found himself continually exhausted and burnt out. Following his entrepreneurial instincts, he embarked on a journey to explore technologies around the world that could create a healthier and more sustainable workplace.
Upon visiting Arizona, and spending time in wellness centres there, he witnessed how simple changes to behaviour can have a huge impact on wellbeing. Sammy says that “people are spending such a high percentage of their lives in the workplace, and therefore it’s crucial for business owners to prioritise the workplace as a centre for wellbeing. This will help staff be more productive, it will retain good staff, and ultimately the business would be better performing as a result”.
yulife is all about loving your people and helping to inspire a healthier lifestyle and ultimately, transforming work to be a place of real joy. yulife is all about providing the tools entrepreneurs need to help show love to their workers.
Sammy adds that “yulife is all about inspiring people to lead a healthy lifestyle. We are a part of a wellbeing revolution to transform the workplace into a centre of wellbeing”.
Working with Dr Rangan Chatterjee, the Chief Wellbeing Officer for yulife, who has been a doctor for nearly 20 years now as well as an author and also a TV presenter, yulife are on a common mission, to transform the health of as many people as they possibly can, through simple, actionable steps.
Balance and a 360-degree approach:
Health and wellbeing should take a 360-degree approach. Dr Rangan Chatterjee says that too often “people are getting overly focused on one area, whether it’s their food, or their diets, but they’re neglecting things like sleep and relaxation”.
Dr Rangan Chatterjee says that “as individuals, we’re all talking about what’s the perfect diet, what’s the perfect gym routine, and we’re missing the big picture. It’s not about the perfect diet, it’s not about that spinning class you go to 2, 3, 4 times a week. What it’s about is small changes in four key areas: food and movement, but equally important, sleep and relaxation. Now the four pillar plan works for people in their personal life, but I think it can work really well in their professional life”.
Perhaps we’ve overcomplicated health in striving for perfection in silos. While yulife and Dr Chatterjee see knowledge as important, they believe in equipping individuals and teams with the simple mechanisms to help them make behavioural changes.
Dr Rangan Chatterjee says that “many of my patients are trying to make change at home, or at weekends, but they spend so much of their time at work. If their employers were more supportive of them making those changes, I think that would have a profound impact, not only on the wellbeing of the employees, but also on their productivity as well”.
The Economic Impact of Wellbeing:
Workplace wellbeing is something that business has undervalued for a long period of time.
In a study of self-reported illness, between 2 and 3 million employees in the UK report an illness caused by or made worse by work, leading to 3.3 million working days lost.
For many people, going to work is also something they fear. In fact, 21% of all people say they dread going to work, with millennials and gig workers reporting the highest figures.
What can entrepreneurs do?
Business leaders must understand that wellbeing in the workplace isn’t simply a tick-box HR programme. Instead, it is should be a business imperative. Helping your team develop their own wellbeing is not just good for them, it’s good for business too.
The 4-pillar approach which yulife embrace really has balance at the heart of it, and it really helps employers and employees to take this more holistic approach that’s achievable in the short-term, but also long-term.
Over the next 4 weeks, we’ll be exploring the four pillars in detail and offering our top tips, along with real-life actionable examples from within the GBEA community.
How does your organisation promote health and wellbeing? Let us know using the hashtag #GBEAYulife and we’ll publish the best ideas and most innovative approaches in our Guide to Wellbeing, launched in January 2019.