Investing in Employee Wellness Increases Your Bottom Line
Every business experiences peaks and valleys. The ebb-and-flow is a natural part of business. However, sometimes these changes can dramatically impact revenue. During challenging times, the ebb if you will, it can be easy to blame your staff for these fluctuations, especially when there is a decrease in productivity. Consider a change in perspective. Sometimes, a team’s change in productivity and engagement is a telltale sign of a need for change. Think about it. Have you heard grumblings from your team? There is a solution: Employee Wellness Benefits.
Many businesses provide employee wellness benefits to ensure that quality employees apply. Perhaps you need a daycare, a gym, or even a meditation room. Of course, these suggestions should also be accompanied by affordable health benefits. It’s clear that employee benefits come with a price tag. While most business owners have heard of grants but may not know how to find a business grant. There is good news! You can quickly find a business grant on GrantWatch and apply as early as today.
Employee Wellness Increases Your Bottom Line
Productivity and engagement are meant to coexist within the concept of employee wellness. Business owners who care about their business also care about their employees. One cannot exist without the other. Indeed, employee wellness must be maintained for a business to thrive. It may be time to take stock.
Evaluate employee wellness within your company. What type of workplace environment do you maintain? Do you offer a fair wage and benefits to attract and retain talent? Furthermore, do employees feel safe asking for scheduled time off, reasonable policy changes, or even requesting a deserved pay increase? Entrepreneurs know that the more they invest in their business the higher their yield will be. However, resources and funding are not always readily available for those investments to be made. Finding and securing a business grant for improvements may be exactly what you need.
“Studies show that investing in the health and well-being of your team through workplace wellness programs can improve employee performance, productivity, and engagement, as well as the company’s bottom line. The results are substantial. As employees have the resources and support necessary to stick to an exercise regimen, you can expect stress levels to decrease, stamina to increase, and employees to exhibit more clarity and improved mental health…A healthier team also results in a healthier workplace culture overall, as well as reduced healthcare costs for the company. In short—being there for your employees’ health means healthy employees can, in turn, be there for your firm.” How Workplace Wellness Can Boost Your Firm’s Bottom Line
Discovering Your Team’s Needs
It can be overwhelming for a business owner to know exactly HOW to invest in their team. Most employee dissatisfaction is caused by overwork, long work days, stress, lack of positive feedback, a loss of benefits, and not earning a living wage. While many entrepreneurs feel as if their staff is family, they may feel out of touch. Reach out and work one-on-one with your team. Be transparent. It’s in your best interest, as an employer, to have an open-door policy with regard to communication. Every employee has an emotional bank account that needs both withdrawals and deposits.
Ask for and listen to suggestions from your staff members. Asking employees for their input is an excellent first step. However, it can’t end there. Allow input to be implemented and give credit where credit is due. Most employees are natural team players and will blossom with gentle guidance.
Why is a living wage important? Paying a living wage means people can get married, start families, buy homes and contribute more to our communities. It’s a part of the ‘virtuous circle’, …where paying your employees a living wage pays off in a multitude of immeasurable ways that all add up to less customer churn, higher average revenue per customer, wider profit margins and an overall healthier bottom line. Hari Ravichandran – LIVING WAGE FOR US.
Find A Business Grant For Your Workforce
It’s simple, businesses need people and people need businesses. It’s a symbiotic relationship that needs constant maintenance. Implementing an employee wellness program or project doesn’t have to break the bank, but it will need funding. For this reason, businesses also need grants.
Business grants can cover a multitude of different expenses. It really just depends on the grantor and you. There is grant funding for things like salaries, training, travel, infrastructure, equipment, and operating costs. The best way to find business grants is to use the Grant Search filter tool. First, search the grant database by recipient type, location, category interests, funding source type, and deadline date. Then, find a business grant you are eligible for. Finally, apply. The great news is that we have already done some of the legwork for you and your team. Outlined below are grants to help you start your grant-seeking journey. You too can find a business grant to help you invest in employee-wellness for your team.
Workforce & Training Business Grants
- Promote Well-Being in the Workplace – $5,000 to $10,000 to school districts, education service districts, and community colleges to improve established programs that promote employee well-being. Funds support employee resilience, health, and wellness.
- In-Kind Mental Health Training For Businesses – In-kind training services for businesses to address mental health issues. The course presents instruction on mental health and wellness in the workplace.
- Grants for Businesses to Hire Previously Incarcerated Individuals – Grants up to $50,000 for businesses to employ individuals who have been recently released from incarceration. Funding is intended to cover the costs associated with hiring these employees for up to 40 hours per week.
- Grants to Health-Based Facilities for Workforce Expansion Efforts in the Healthcare Sector – Specifically, funding is intended to increase the number of people working in the primary healthcare sector who reflect the diverse patient population served by the state’s safety net system.
- Workforce Tech-Education Development – Funding up to $30,000 for workforce projects allowing employers to develop skills for currently employed and prospective workers in the tech industry.
Award-Based Business Grants
- Promote Breastfeeding in the Workplace – $500 to businesses to make workplaces more comfortable for nursing mothers. The goal is to assist businesses that provide an Infant Friendly Workplace by creating a private space for breastfeeding employees.
- Awards to Companies Enforcing Environmentally Sustainable Practices – Awards for companies to recognize exceptional efforts in advancing environmental sustainability. Eligible categories include social impact, energy development, water, air quality, energy conservation, and more.
- Social Sciences Grants – Grants up to $10,000 for employment-related topics. Specifically, for populations typically underrepresented in the field and those researching BIPOC communities.
- Businesses for Youth Recreation Activities – Grants to businesses for outdoor recreation programs and projects serving underserved youth. Funding is for equipment purchases and outdoor agricultural, ecological, natural resource, and environmental educational programs.
- Businesses for Community Development Activities – Funding to businesses for projects within the following focus areas: community leadership, community safety, inclusion, Indigenous culture, beautification efforts, advancing the arts, and promoting economic investment.
Applying For A Business Grant
Sometimes positive changes in a business require funding. The great thing about grants is that you do not have to pay them back. However, before founders award you a grant you must first submit a grant application. Above all, your grant application must demonstrate the potential impact that a grant’s funding can provide. In truth, business owners can apply for a grant themselves. However, if you want to hire a professional grant writer to ghostwrite your grants for you visit GrantWriterTeam.com to post a classified ad.
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