Apart from being cost-effective solutions for businesses Corporate gym memberships can assist in reducing anxiety and depression within employees, improve employee satisfaction, motivation and productivity, boost retention of employees, encourage teamwork, and enhance the company’s culture. These benefits in addition to providing gym memberships to employees of the corporate are detailed below.
Reducing Depression and Stress among employees
Studies have shown that physical activity regularly releases neurotransmitters, such as endorphins serotonin and dopamine as well as norepinephrine within the brain.
Endorphins affect receptors in the brain, and decrease the sensation of pain. “Endorphins can also create an emotional sensation within the body like morphine.” This can help reduce anxiety and stress.
Regular exercise also boosts serotonin concentrations in our brains. This can improve mood, overall feeling of wellbeing sleep cycles, as well as appetite levels, which are all negatively affected by depression.
Dopamine is an chemical signal that plays an important part in the way people feel joy. It aids people to think about, plan, work and keep their eyes on their targets.
Regular exercise also aids in maintaining an equilibrium of the stress hormones within the body, including adrenaline. This hormone plays a crucial role in the fight-or-flight reaction of individuals.
Two of the main causes of absence and lower productivity at work is depression and stress. People who exercise regularly are likely to be more content and less stressed and also control their mood at workplace.
Enhance Employee Job Satisfaction and Productivity, and Motivation and increase retention of employees
Serotonin and endorphins are called happy hormones since they improve mood and create a feeling of happiness. It is evident that there’s a connection between happiness and positive energy in the workplace , and higher productivity. According to studies conducted by the Oxford University’s Said Business School, there is at the very least an increase of 13% of productivity when workers are content and optimistic compared to when they’re unhappy.
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Regular exercise keeps employees healthy relaxed, calm and enthusiastic at work. “This coupled with a better workplace can increase employee satisfaction, but obviously there are additional factors that play into this.”
A rise in motivation of employees productivity, motivation, and satisfaction can lead to an increase in retention. Healthy and happy employees are more likely to stay at their jobs for a longer time than unhealthy and unhappy employees.
If a business offers the gym “as as part of an health and fitness benefits,” it is considered by employees as an important benefit for employees. The employees are afraid of losing their benefits when leaving the organization. This encourages retention of employees within the organization.
According to a study unengaged employees cost companies in the US an average of $450-500 billion each year. Additionally, companies with employees who are engaged have a 21% higher profit than others. Industry experts have also stated the importance of health insurance as among of the primary reasons employees stay with an organization across the US. These facts highlight the reason why businesses should put a premium on gym memberships at corporate to boost retention of employees.
Build Teamwork and improve the company’s culture
Fitness experts believe that working together makes people “less likely to give up and more energetic when they train, and more determined to reach the goals they set for themselves.”
A gym membership program for employees “fosters more teamwork as it allows employees from different categories or departments to come together and connect. This can help build strong relationships within the company, which leads to better-connected employees.” Members of the group can better communicate with one another “during their down time and also discuss their projects in group exercise sessions.” This encourages teamwork and team building.
Exercises for team building during gym time can increase the motivation of employees, boost productivity, increase collaboration among teams, which leads to better communication between employees, and promote creativity. All of these have a positive effects on the company’s environment.
Numerous studies have proven that the company’s culture is an important aspect for employees working in US firms. According to a research conducted by Robert Half International, Inc. 35 percent of employees in the US would not take an offer if the company’s culture didn’t appeal to them.
Based on a study carried out by Randstad North America, Inc. 38 percent of employees in US will leave their current position when they don’t feel valued by the group or if the culture of the company is no longer appealing to them. “An even higher percentage (58 percent) have quit their jobs or are contemplating moving out due to negative workplace politics.”
A survey conducted by Glassdoor the majority workers in the US stated that the company’s culture was “one of the primary factors that motivate them to stay at their position.”
In the 2019 National Workplace Culture Survey conducted by Eagle Hill Consulting, the majority of US respondents said that their company’s culture “influences the majority of their job performance, including their most effective work (77 percent) as well as their effectiveness and productivity (76 percent) and their capacity to serve their customers the best (74 %).” Based on the above data businesses that include gym memberships in their employee benefits have a better chance of creating a more positive company culture and improving retention of employees over those who don’t include gym memberships.
Cost-effective solutions for the company
It is already known that employees who stay healthy and fit have a greater chance of avoiding “chronic chronic, long-term diseases that require expensive medication or costly procedures.”
Giving gym memberships to employees is an economical solution for companies since “gym memberships are generally cheaper as monthly medications” or costly medical bills. Through corporate gym memberships, businesses can also offer discounts to their employees to use local gyms. In the end, gym memberships can are a great way of cutting down on healthcare expenses for a business.
Businesses operating in the US “usually look at healthcare benefits as to be a much more common feature of the contract of employment. It is believed that those who work out regularly basis can save significant costs. If a company provides fitness and health benefits such as a membership program at gym membership to employees that will result in an impact that is significant on the expense incurred for medical expenses.”
According to the SHRM Employee Benefits Report 2019 58% of employers in the US offer wellness programs to their employees. The same percentage for 2015 was 70 70%. This decline is in line with the increasing healthcare expenditure by US firms in recent years.
“According to an RAND Corporation study, every dollar invested in overall wellness programs produces an ROI of $1.50. If the investment is made focused on programs that target chronic diseases, like obesity and diabetes The ROI is increased by $3.80.”
A study by the American Psychological Association (APA) found it is “more than 500 billion dollars” is taken away of the US economy due to workplace stress.” more than 550 million working days are lost every year because of stress at work. 60-80% of workplace accidents can be attributed to stress and it’s been believed that over 90% of medical visits are attributed to stress. Stress at work has been linked with illnesses that range in severity from the metabolic disorder to coronary diseases and even death.” These are the hidden costs incurred by businesses in the US that could be dramatically diminished by offering corporate gym memberships for employees.