Poor employee health is bad for business - but what are you doing about it?
Poor employee health can affect a business’s viability as well as posing risks to those who work within and in partnership with it. For these reasons, health risk assessments can bring benefits to businesses of any kind.
The benefits that health risk assessments can bring to businesses are often overlooked. “Whilst there are numerous benefits for the individual, the benefits to an organisation can be poorly understood and as such, easily negated,” Mark Cassidy, general manager of risk and innovation at 2CRisk says.
Health risk assessments can enable business operators to examine the causes of costly absenteeism, as well as health and compensation claims. They can help businesses to develop effective health risk management strategies and to ensure employees’ health is working for them, rather than against them.
Personal health risk assessments can benefit employers, as well as employees, by:
In order to benefit fully, however, businesses need to capture the right information. “If HRAs are to prove an effective tool, then they must elicit information that exposes the risks relevant to that organisation and industry,” Cassidy says. If this is achieved, the information that organisations gather can reduce health risk in a number of settings.
“Many organisations spend money on health interventions without actually being able to quantify whether they have been successful or not,” Cassidy adds. Health risk assessments provide business operators with ways of reducing health risk, while also enabling them to assess the effectiveness of their strategies – quantitatively as well as qualitatively.
