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Investing in the work environment pays off
A poor working environment can have major consequences for your business. Conversely, investing in the work environment can have a positive economic effect. In this blog post, we give 9 reasons exactly why it pays off.
2x the investment back
A study conducted by the National Research Center for the Working Environment shows that Denmark’s sickness absence costs around DKK 46 billion. After this, all the indirect costs such as production losses, workers’ salaries and not least lost customers and orders must be included. It is, so to speak, not an option to downgrade the working environment if the company is to be productive, competitive and attractive to employees. Despite the high costs, there is still a tendency for more and more companies to still opt out of putting health and well-being on the agenda.
Among other things, it got COWI to initiate an experiment consisting of 11 projects in order to investigate how many of these were profitable. The survey showed that 4 out of the 11 companies were not profitable because, instead, they prioritized working with other goals such as collaboration and reputation. The conclusion of the project was that the companies that prioritized a healthy work environment received twice as much in return as they invest when they focus on work environment efforts. This is a result of the following gains from a better working environment:
A shared responsibility
As an employer, it is your responsibility to have the necessary control and supervision so that your employees do not suffer work-related injuries or illnesses. But most people probably know the term – it takes two to Danish tango. Both employer and employees have a responsibility when it comes to safety and health in the workplace. The employer must set the framework and introduce preventive measures that can promote a healthy work culture, but it is the employees’ task to assist the employer in this, which is why they are dependent on each other’s input and experience. In this context, Europe Direct emphasizes that employees must not accept passive cooperation and follow the rules they are given by their manager or the legislation, respectively. Instead, they should gain influence by asking questions, raising topics, and discussing their suggestions or concerns with their leader face to face. In this way, the employee shows responsibility, commitment and a motivation to, together with the manager, create a healthy and safe working environment for everyone.
9 gains from a better working environment
- Helps to show that a company is socially responsible.
- Protects and strengthens the brand’s image and value.
- Contributes to increasing worker productivity.
- Higher product quality.
- Increases employee engagement in the company.
- Builds a more competent and healthier workforce.
- Reduces costs and absenteeism.
- Enables companies to meet customers’ expectations of the work environment.
- Encourages the workforce to stay in the job market.
With this post, we hope to be able to help break the pattern and create an increased focus on the importance of prioritizing your work environment before it is too late. One cannot run away from the fact that changes in one’s work environment will automatically lead to changes in employee productivity and vice versa. It is inextricably linked. So if you want to save your business and your finances, you need to prioritize your employees and their working conditions.