How can companies measure the ROI of their efforts to support employees' psychological well-being, and what metrics should they consider when evaluating the success of their programs?
Companies can measure the ROI of their efforts to support employees' psychological well-being by tracking metrics such as employee engagement levels, absenteeism rates, turnover rates, and productivity levels. They can also conduct employee surveys to gather feedback on the effectiveness of their programs. Additionally, companies can analyze healthcare costs related to mental health issues and compare them before and after implementing well-being programs to determine the financial impact. Overall, companies should consider a combination of quantitative and qualitative metrics to evaluate the success of their programs and ensure a positive return on investment.
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