Employee Wellbeing is The Key to Innovation

In today’s rapidly evolving business landscape, innovation stands as the cornerstone of success. Yet achieving true innovation requires more than just visionary leadership and cutting-edge technology—it demands a workforce that is both mentally and physically equipped to thrive. As leaders strive to create a culture of innovation, the significance of employee wellbeing emerges as a critical factor in unlocking creativity, productivity and ultimately business growth.

Defining Innovation in the Modern Era

In the world of work and economic sense, innovation is more than mere product development—it encompasses a holistic approach to problem-solving, driving efficiency, and creating value in novel ways. From disruptive technologies to ground-breaking business models, innovation fuels progress and propels organisations ahead of the competition. McKinsey’s Global Innovation Survey found that 84% of executives agree that innovation is important to their growth strategy, yet only 6% are satisfied with their innovation performance. Similarly, Deloitte’s Global Human Capital Trends report highlights the need for organisations to cultivate a culture of innovation to remain competitive in today’s market. Evidently, the need for innovation is clear, but the most critical question is how to achieve this?

Characteristics of Innovative Organisations

To create innovation, organisations must embody certain driving characteristics, chief among them being a commitment to employee wellbeing. Research from Harvard Business Review and the London School of Economics emphasises the correlation between employee wellness and organisational innovation stating that innovation is only achieved when everyone involved is actively engaged and committed to the job they are in. However, it’s hard to foster a culture of innovation if employees are lacking in motivation, are unhealthy and unhappy, which is why employee wellbeing needs to come first.

A Healthy Workplace Breeds Innovation

A growing body of evidence suggests that employee wellbeing is intricately linked to organisational innovation. A study published in the Journal of Occupational and Environmental Medicine found that companies with comprehensive holistic workplace wellness programmes that included nutrition and mind wellness, experienced a 25% reduction in absenteeism and a 40% increase in productivity. Furthermore, a report by the American Psychological Association revealed that employees who feel supported in their wellbeing are more likely to engage in innovative behaviours.

So, what is the link between wellbeing and innovation? Well, it is evident that we are more likely to be innovative when we feel good and have a positive attitude towards our work and employment. Our mental health plays a crucial role in our perception of our life and wellbeing.  Therefore, having workplace mental health wellness initiatives are imperative. In a hallmark study on employee wellbeing and innovation, researchers at the Public Library of Science found that for employers to enhance their workforce’s innovation, they must make wellness resources available to its staff.  In addition to this, businesses that had a high level of innovation were proactive at providing their employees with opportunities to gain knowledge and practice outside and inside the workplace which helps to inspire creativity and professional development. It is the responsibility of the leadership team to invest in comprehensive employee wellbeing schemes that includes personal health workshop, dietary information, personal and professional development opportunities and a clear consideration of their value to the organisation.

Barriers to Innovation

In many organisations, the most common barrier to innovation is traditional hierarchal organisational structures. Research conducted by the National Institute of Economic and Social Research  found that when long-term decisions are made by senior executives without consultation, it significantly impacts employee wellbeing, particularly when employees don’t have a say in any of the innovation planning. This suggests that employers should be open to conversations with everyone to gain buy-in at the early stages to prevent a lack of enthusiasm and avoid the doubter syndrome.   The more we know about something, the less likely we are to fear it. Listening to employees and providing them with support will help to alleviate feelings of uncertainty and prepare them for any big changes, which is why leaders need to focus on creating a workplace culture based on transparency.

Driving Engagement Through Workplace Wellness

The relationship between employee wellbeing and organisational innovation is undeniable. As organisations strive to remain agile and competitive in an increasingly complex markets, investing in employee wellbeing emerges as a strategic imperative. By creating a healthy workplace where individuals can thrive, organisations can unlock the full potential of their workforce and drive innovation to new heights.
This is where organisations that specialise in workplace wellness services, such as those offered by ‘Your Work Wellness’ play a pivotal role. By providing employees with resources and support to prioritise their own health and wellbeing, organisations can enhance engagement, foster creativity, and ultimately drive innovation.  By taking an employee-led approach, leaders can transform their workforce into a culture of thriving innovation that sets them apart from their competitors. Every organisation is different, and so it’s important to consider various types of working structures, industries and dynamics to provide leaders with a tailored employee wellbeing solution that works.

Key Points:  

Organisations must embody certain driving characteristics, chief among them being a commitment to employee wellbeing to remain innovative. 

To remain agile and competitive, investment in wellbeing is a strategic imperative for organisations 

Investing in employee wellbeing is a strategic imperative since Companies with comprehensive holistic workplace wellness programmes that included nutrition and mind wellness, experienced a 25% reduction in absenteeism and a 40% increase in productivity. 

 

This is where organisations that specialise in workplace wellness services, such as those offered by ‘Your Work Wellness’ play a pivotal role. By providing employees with resources and support to prioritise their own health and wellbeing, organisations can enhance engagement, foster creativity, and ultimately drive innovation.  By taking an employee-led approach, leaders can transform their workforce into a culture of thriving innovation that sets them apart from their competitors. Every organisation is different, and so it’s important to consider various types of working structures, industries and dynamics to provide leaders with a tailored employee wellbeing solution that works. 

TAKE HOME MESSAGE

True innovation demands a workforce that is both mentally and physically equipped to thrive.

To remain agile and competitive, investment in wellbeing is a strategic imperative for organisations.

Get in touch with us today to see how we can boost your innovative team.