In a world that's fast-paced and continually evolving, one aspect remains consistently crucial for businesses of all sizes: the wellbeing of their employees. More and more companies are taking employee wellbeing seriously - even the CIA has appointed a Chief Wellbeing Officer!So why has employee wellbeing become a business imperative?Here’s the truth:The Great Resignation is still a problem everywhere: 1 in 3 working adults are looking to change jobs in the next 12 months (Source: YouGov).Talent loss is a large business cost: It’s costing a company 6-9 months of an employee salary to replace them (Source: Pew).Ultimately, good wellbeing makes for good business: Companies with better wellbeing have higher profits, and command higher valuations. Research also shows that they are also more resilient during volatile market conditions, and perform significantly better in up-market conditions (Source: Forbes).So whether you're running a nimble startup or a large-scale corporation, your team's wellbeing is a cornerstone to not just their personal growth but also your organization's productivity, innovation and overall success.More importantly, employee wellbeing is no longer a 'nice-to-have' — it's a 'must-have'. Research consistently reveals the direct impact of employee wellbeing on key business metrics. A report by the World Health Organization, for instance, found that for every $1 put into scaled-up treatment for common mental disorders, there is a return of $4 in improved health and productivity.So, what does it mean to nurture employee wellbeing in this modern age?In this guide, we explore 10 essential facts about employee wellbeing, illustrating its significance and the innovative ways you can foster it, backed by unique solutions like those offered by YuLife. As we go on, you'll discover that wellbeing isn't just a trendy buzzword — it's a sustainable, profitable and pivotal strategy for long-term business success.1. Wellbeing is Not Just PhysicalEmployee wellbeing covers a vast terrain. It's not solely about physical health, but also encompasses mental, emotional and social health. To ensure a holistic wellbeing program, consider all these facets. YuLife's unique Group Insurance products and employee app help address this, encouraging healthy physical activities, alongside incentivizing mental, social and financial wellbeing.2. Workplace Stress is a Silent ThreatAccording to the American Institute of Stress, 83% of all workers in the US suffer from work-related stress, with a quarter citing their job as the number-one stressor in their lives. Implementing proactive wellbeing initiatives can aid in significantly reducing these figures, creating a happier, more productive workforce.3. Investing in Employee Wellbeing Makes Good Business Sense The Chartered Institute of Personnel and Development's Health and Wellbeing at Work Survey suggests a strong correlation between investment in health and wellbeing and overall business performance. Companies that prioritize employee wellbeing report lower staff turnover, decreased sickness absence and improved customer satisfaction.4. Healthy Habits Can Be CultivatedMaking minor adjustments in daily habits can bring about significant health improvements. Just 10 minutes of walking every day may significantly lower the risk of chronic illnesses like cardiovascular disease, cancer and early death.YuLife’s Employee App promotes this with daily micro-challenges that encourage healthy behavior that could translate into healthy habits in the long-term, whether that be a 10 minute walk, 5 minutes of breathing or even a short brain-training exercise each morning. 5. Competition Spurs ParticipationYuLife's Employee App leverages the natural human drive for competition. The app hosts friendly challenges amongst colleagues and inter-departmental friendly competition.What’s more, our research shows that more than 72% of employees download the YuLife app, and over 50% of employees are actively engaging with it.6. Rewards Foster EngagementRecognition and employee rewards fuel motivation. Employees earn YuCoin on the YuLife App for every completed challenge, which they can trade in for vouchers at leading retailers. This gamified approach ensures continual staff engagement in the wellbeing program.7. Effective Wellbeing Programs are Personalized Every employee is unique, and so are their wellbeing needs. Personalization makes programs more engaging and effective. With the YuLife App, employees can set their goals and compete in challenges that align with their personal interests and health needs.8. Transparency Builds TrustOpen communication about wellbeing efforts cultivates trust and engagement. Sharing data on participation, improvements and rewards achieved through wellbeing programs can be extremely motivating for employees. 9. Wellbeing is a Shared Responsibility To foster a true culture of wellbeing, it's vital to encourage employees to take ownership of their health. The beauty of the YuLife App is that it empowers employees to proactively participate in their own wellbeing journey and encourage others.10. Wellbeing is a Long-term Commitment Lasting changes take time. Adopting a long-term strategy can create a sustainable culture of health and wellbeing in your organization. And in the long term, not only will your employees be happier and healthier, but they will feel more engaged.In this sense, investing in employee wellbeing is not just a noble cause but also a strategic business move. And with solutions like YuLife’s employee benefits, you can easily create a culture of health and wellbeing that's fun, engaging and beneficial for everyone. Investing in your team's wellbeing today is investing in your business's future.About YuLife.YuLife is an employee benefits and wellbeing app working to reimagine the insurance industry by protecting lives, rewarding living and inspiring life. We’re on a mission to transform traditional insurance into a life-enhancing experience every employee will value and use daily. How does it work? Our award-winning app uses behavioral science and game mechanics to reward your people for living well while offering protection in case of crisis. And with our top-rated employee assistance program, your team gets access to mental, financial and social support, nutritionists, life coaches and more to help them live their best lives.Because we believe that your employees should benefit from their insurance from day one – and that wellbeing should be accessible every day, for everyone.Request a demo for your team today.