In addition to being cost-effective for businesses Corporate gym memberships can aid in reducing anxiety and depression in employees, boost satisfaction, motivation and productivity, boost retention of employees, encourage team buildingand boost the culture of the business. The additional benefits of offering gym memberships to employees of the corporate are detailed below.
Reducing Depression and Stress among employees
Research has proven that regular physical exercise releases neurotransmitters, such as endorphins serotonin, dopamine, and norepinephrine within the brain.
Endorphins are a chemical that interacts with receptors within the brain to reduce sensation of pain. “Endorphins can also create feelings of happiness within the body, like morphine.” This reduces anxiety and stress.
Regular exercise also boosts serotonin levels within the brain. This improves mood, a general sense of wellbeing sleep cycles, as well as appetite, all of which are adversely affected by depression.
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Dopamine is an chemical signal that plays an important part in the way people feel satisfaction. It aids people to think about, plan, work and concentrate on their goals.
Regular exercise can also help maintain an equilibrium of the stress hormones within the body, including adrenaline. This hormone plays a crucial part in the fight or flight response of the individual.
Two of the main reasons for absenteeism and decreased productivity at work is depression and stress. People who exercise regularly are likely to be more content and less stressed and are able to effectively control their mood at workplace.
Improve Employee Job Satisfaction, Productivity, and Motivation and encourage employee retention
Serotonin and Endorphins are often referred to as happy hormones due to the fact that they improve mood and provide a feeling of happiness. It is evident that there’s a link between positivity and happiness at work and increased 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 satisfied and optimistic compared to when they’re unhappy.
Regular exercise keeps employees healthy relaxed, calm and enthusiastic at work. “This coupled with a better working environment can improve the satisfaction of employees, although it is possible that there are other elements that contribute to this.”
A rise in motivation of employees as well as productivity and job satisfaction can lead to an increase in retention of employees. Healthier and happier employees tend to stay in their positions for a longer time than unhappy or unhealthy employees.
When a business incorporates the gym “as an element of their health and fitness plan,” 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 engaged employees cost businesses 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. Experts in the field have revealed the importance of health insurance as among of the main reasons employees stay with one particular firm within the US. These facts highlight the reason why businesses must put emphasis on gym memberships for employees to boost retention of employees.
Build Teamwork and improve the company’s culture
Fitness experts agree that working in teams makes people “less likely to give up and more motivated to train, and more determined to reach your goals.”
A gym membership for corporate employees “fosters more teamwork as it provides opportunities for employees from different department or group to get together and communicate. This can help build strong relationships within the company, which leads to an improved workforce.” The group members are able to interact more effectively with one another “during their down time and can discuss topics in group exercise sessions.” This helps teamwork and building.
Training for team building in gym sessions can boost motivation among employees, increase productivity, increase collaboration among teams, which leads to improved communication between team members, and boost creativity. All of these have an positive impact on the corporate the culture.
Numerous studies have shown that culture of the workplace is a major factor for employees of US businesses. According to a study carried out by Robert Half International, Inc. 35 percent of employees working in the US would not take any job if the was not appealing to them.
Based on a study carried out by Randstad North America, Inc. 38 percent of employees in the US are likely to quit their job in the event that they feel not appreciated by their colleagues or if the workplace culture does not appeal to them anymore. “An even higher percentage (58 percent) have quit jobs or are thinking of going elsewhere due to the negative office culture.”
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 jobs.”
In the national Workplace Culture Survey conducted by Eagle Hill Consulting, the majority of US employees surveyed said that their company’s culture “influences the majority of their job performance. It affects their ability to do their most effective work (77 percent) in terms of effectiveness and productivity (76 percent) and their capacity to provide the best service to customers (74 %).” Based on the above data businesses that include gym memberships in their employee programs are more likely to succeed in creating a more positive company culture and increasing retention of employees as compared to companies that don’t incorporate gym memberships.
Cost-effective Solutions for your Business
It is well-established that employees who stay healthy and fit have a greater chances of avoiding “chronic long-term, chronic illnesses which require costly medications or expensive procedures.”
Giving gym memberships to employees is an economical solution for companies since “gym memberships are typically cheaper that monthly medication” or costly medical bills. Corporate gym memberships are a great option, and businesses can also bargain discounts for employees who use local gyms. In the end, gym memberships can are a great way of decreasing the cost of healthcare for an organization.
The companies that are located in US “usually think of healthcare as an essential part of the contract of employment. The majority of them believe employees who train regularly basis can save significant costs. If a business offers fitness and health benefits such as membership plans to the gym for employees that will result in an enormous impact on the expense incurred for medical insurance.”
According to the SHRM Employee Benefits 2019,’ report 58% of employers in the US offer wellness programs to their employees. The same percentage for 2015 was 70 percent. This drop is in line to the increase in healthcare expenditures by US firms in recent years.
“According to an RAND Corporation study, every dollar spent on overall wellness programs results in an ROI of $1.50. If you invest focused on programs that target chronic diseases, like obesity and diabetes and diabetes, the ROI rises by $3.80.”
A study by the American Psychological Association (APA) has revealed the fact that “more than 500 billion dollars” is taken away out of US economy as a result of stress at work, and 550,000 workdays are lost every year because of stress at work. 60% to 80% of workplace injuries can be attributed to stress and it’s believed that over 90% of medical appointments are due to stress. Stress in the workplace is linked to illnesses that range between metabolic disorders to heart diseases and even death.” These are the primary hidden costs incurred by businesses in the US which can be drastically diminished by offering corporate gym memberships for employees.