Workforce Resilience Training: The Investment That Boosts Business Outcomes And Employee Wellbeing
Given how essential employees are to business growth and sustainability, is it time you considered Workforce Resilience training for your Team or Business?
Amidst what is being termed ‘The Great Resignation’ the value of employees is more pertinent than ever within the realm of business. Mainly due to reported frustration, burnout and a lack of belonging, swaths of professionals are leaving or moving within the workforce in search of better. In 2022, employee wellbeing and retention has become a key priority for HR and Business Leaders. Luckily, with modern problems come modern solutions, and workforce Resilience training offers organisations proven results and a significant ROI for enhancing the wellbeing and engagement of their teams.
Why Businesses Invest In Employee Resilience Training
Given how essential employees are to business growth and sustainability, it has increasingly become an area of interest for employers to take measures in bolstering the strength and wellbeing of their workforces.
The top reasons employers invest in employee health and wellbeing are to boost; motivation (37%), productivity (37%) and job performance (35%).
Successful organisations take proactive measures to ensure that this is achieved, often by assessing the strengths and weaknesses of the organisation as a whole—and its individual components—so that improvements can be made where necessary.
In human terms, our survivability can be a direct result of how well we deal with adversity and stress. In business terms, those companies with workforces that have the Resilience to adapt, adjust and even move forward from major adversity, change or growth better than their competitors are more likely to succeed in an increasingly uncertain world. Those companies with a high degree of Resilience tend to be more profitable, have more satisfied customers, better talent retention, more immune from threats posed by disruption, and ultimately have a higher success rate.
As at 2021, a lack of workforce Resilience is estimated to be costing Australian companies $12.8 billion per year in lost productivity, translated in dollar terms as rising absenteeism, presenteeism and workplace compensation claims. Globally this number is over $60 billion! (That’s billion not million).
The results of successfully addressing Resilience? …
1. Save Costs! 33% Reduction in employee absenteeism, presenteeism and workplace compensation claims!
2. Increase Productivity! 2X Employees are twice as motivated and productive if they’re Resilient!
3. Generate ROI! 15X Up to $15 return for every $1 invested in building workforce Resilience!
Why Leaders Invest In Team Resilience Training
HR and Business Leaders know the intricacies of business, and that success is determined and measured far beyond what numbers can quantify. What organisational prosperity really comes down to is how well a team is able to do what they were hired to do, and how well they’re supported in their efforts.
After all, the output of a company is only as good as the workforce that produces it. This is why Workforce Resilience training has become so relevant to the modern business world, as more and more company leaders discover the direct advantage it can offer them in their operations. In this way, Resilience skills training in the workplace is something that is vital to organisational success, and should be prioritised in initiatives.
While many organisations already invest in the wellbeing of their team, few are Resilient. A 2020 study by Aon revealed only 30% of employees are Resilient, 42% do not feel secure at work and 55% do not feel able to reach their potential. Compare this to organisations who build workforce Resilience as a top priority and 93% of Resilient employees say they would want to stay with their employer, 86% of Resilient employees feel fully motivated at work!
Resilience training is a highly effective way to boost engagement and motivation among employees for a variety of reasons. Resilience training is about equipping people with a set of abilities and tools that help individuals and teams consistently cope and thrive through everyday challenges and disappointments faced. By building their Resilience together, the team is set up to support each other during even the toughest challenges and hold each other accountable for monitoring and maintaining optimal wellbeing and performance, as a unit.
Additionally, team Resilience training can foster camaraderie by developing a sense of community among a workforce. This fellowship is an important aspect to any successful group, as it helps build relationships and trust within the ranks that is invaluable when employees are faced with obstacles that inevitably arise in business.
Lastly, Resilience training has the potential to strengthen morale by building confidence among employees. By challenging their limits and invigorating them with the guidance they need, employees feel more capable in accomplishing day-to-day tasks that are typically perceived as being arduous or difficult. This can have a major impact on productivity, especially if an obstacle that’s been holding back workflow is suddenly within your team’s means to overcome.
The Benefits and Outcomes of Workforce Resilience and Team Resilience training
Team Resilience training is a modern approach to the modern problem of employee wellbeing and retention. It entails a comprehensive process that’s backed by research to support and empower participants in developing their strength in facing adversity, as well as how they seek to overcome such challenges.
With it, employees are better positioned to feel empowered in their work, tackle problems with less stress, and maintain their drive to keep moving forward. This ensures that the company is equipped with a workforce that is ready for anything, ultimately keeping them agile and stable in times of adversity, change or growth.
At ripen, our team resilience training is an advanced program designed and proven to invigorate workforce Resilience, wellbeing and morale in each of its facets. We lead participants through an expertly coached process that challenges them to reimagine the way they view obstacles, how to overcome them, and ultimately how to maintain positivity and strength in their day-to-day work and life. We are also able to measure everything you need to prove the Return on Investment, including employee engagement as training is happening, and how Resilience capability and wellbeing has shifted pre versus post training.
Whether it’s business outcomes or the overall wellbeing and morale of your workforce, there are a number of ways your team or workforce can benefit from our proven Resilience training. Checkout our Digital Resilience Training or Book a call with our friendly team.
- ’The Rising Resilient’ – Aon (2020) – Retrieved from: https://risingresilient.s3.eu-west-2.amazonaws.com/aon-rising-resilient-report-en.pdf
- ‘Why Mentally healthy workforces matter – Untreated mental health conditions cost Australian employers approximately $12.8 billion every year’. Retrieved from: https://mentallyhealthyworkplacealliance.org.au/why-mentally-healthy-workplaces-matter/
- ‘Insomnia costing US workforce $63.2 billion a year in lost productivity, study shows.’ American Academy of Sleep Medicine. Retrieved from: https://www.sciencedaily.com/releases/2011/09/110901093653.htm
- ‘Resilience is missing for many employees’. Retrieved from: https://workplaceinsight.net/resilience-is-missing-for-many-employees/