Wise Investments to Save Your Wallet and Increase Productivity

A drug test is a universal wellness investment program used in different industries. You either have undergone a drug test or know someone who did at some point in your life. The procedure involves the testing of your biological content, such as blood or urine for drugs, based on scientific approaches. Simply, with your wellness program, you want to increase the productivity of your business.

Noninvasive approaches are used to boost wellness performance and pass workplace drug tests. The aim is to minimize the risk of drug abuse that may affect work productivity. It is essential to gauge the return on investment to determine if the wellness program has a positive impact on productivity in the organization.

Factors That Indicate a Good ROI for a Company

You can gauge how well the programs are used to increase productivity and reduce absenteeism are by analyzing the return on investment. The following factors show an excellent ROI:

Reduced cases of legal liability. Businesses can reduce or avoid legal obligations arising from workplace accidents by providing safety measures that enhance employee wellness. Reduced- or zero-legal-liability cases show that the approaches used to add value to the ROI.

Increased productivity. Investing in wellness initiatives ensures that the employees are comfortable with their working environment. Also, it reduces health risks that may affect employees’ productivity. Increased productivity brings in more profits, thus increasing the ROI.

Reduced absenteeism cases. Absenteeism results from an illness, personal issues, or incapacity to do the assigned work. A company can reduce the rates of absenteeism by implementing a leave program that allows employees to tend on their matters.

Providing health and safety measures will also reduce the rate of health-related absenteeism. This will boost the overall productivity of the company.

Reduced costs. Employees are compensated in case of an accident and injury at the workplace. Reduced instances of drugs- and health-related issues minimize the rates of accidents and injuries at the workplace, thus reducing the compensation cost incurred by the business. Reduction in recruitment expenses also increases the ROI.

Approaches to Boost a Company’s ROI

Risk Reduction

Employees are exposed to several risks at the workplace. The company’s management team should invest in strategies that reduce risks.

Risk reduction motivates the employee to work toward the set goals because they are guaranteed a conducive working environment. For example, the management can provide them with protective gear and conduct frequent medical checkups.

Here are some things you need to consider to reduce the risk for workplace accidents.

Integration

A practical working system that aims to boost the company’s ROI should incorporate various approaches. Integration of wellness programs to the culture and operations of a company benefits employees and employers. It is noninvasive, thus allowing employees to participate and concentrate on their work.

Creating Awareness

The management team makes and implements decisions that will enhance productivity. Some employees can be rebellious toward new implementations because they do not understand the impact.

Companies should invest in educating employees on the relevance of the programs first before implementing anything. This will protect and boost the employees’ morale when achieving the set goals.

Safe and Comfortable Environment

Any investment that a company makes to boost productivity should always incorporate employees’ wellness. How safe do they feel in their workplace? Are the rules implemented by boosting or reducing their morale? How are the relations among employees and the management? Ensure that the programs introduced are employee-friendly if you want to have a high ROI.

Conclusion

The government, businesses, and society are striving to maintain a productive employee base. The invention of wellness programs has made it easy to minimize the risks of high turnover, absenteeism, and reduced productivity. Technological innovations by medical companies contribute to the current update that creates a conducive and competitive workplace.

It is essential to keep track of the return on investment for any program set toward boosting productivity and employee morale. This provides a chance to rectify any mistakes before huge losses are incurred. It is advisable to make frequent evaluations such as a quarterly basis to determine if the programs have a positive impact on ROI.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan