According to the American Psychiatric Association, “Excessive workplace stress causes a staggering 120,000 deaths and results in nearly $190 billion in health care costs each year. This represents 5% to 8% of national health care spending, derived primarily from high demands at work ($48 billion), lack of insurance ($40 billion), and work-family conflict ($24 billion).”
Over 400 scientific studies have demonstrated the unparalleled effectiveness of mindfulness in reducing stress, lifting mood, increasing concentration, fostering creative thinking, improving decision-making, strengthening the immune system, and developing empathy and altruism.
According to an article in the New York Times, “The goal of mindfulness isn’t to stop thinking, or to empty the mind. Rather, the point is to pay close attention to your physical sensations, thoughts and emotions in order to see them more clearly, without making so many assumptions, or making up stories.”
An emphasis on skills like resilience, mental agility, self-awareness, and sharp decision-making abilities is shaping the way organizations are evaluating their talent landscape. Mindfulness could be the key to unlocking it all.
As shared in an article from Wharton School of the University of Pennsylvania’s Knowledge@Wharton, the school’s online business analysis journal, “Mindfulness enables people to radically strengthen their ability to adapt quickly to evolving circumstances and ambiguous situations and to increase the speed with which they learn new things. It creates mental agility and helps people look inward to find answers.”
When employers invest in teaching employees mindfulness techniques and creating a culture that supports mindfulness, they increase employee engagement, commitment and productivity.
The ROI of mindful employees:
- 20% more employee productivity
- 20x fewer sick days
- 19% more job accuracy
- 59% less employee turnover
- 37% higher sales volume
- 86% lower healthcare costs
Truvelop is not just an employee evaluation tool, Truvelop also promotes the delivery of real time feedback and recognition to employees with our Spark feature and our Recognition Wall to promote on-going performance development conversations between managers and employees.
Contact us today to learn more about our modern approach to performance management and development and the many benefits for employees including supporting a transparent, development focused, coaching culture.