There are financial costs associated with lower or poor wellbeing. This is in addition to increased management time and can include salary being paid to staff not present, loss of productivity of staff working while ill, cover costs, costs of recruiting new staff (including advertising) and costs relating to advice, grievances, occupational health and other referrals.
Investing in staff wellbeing will not only improve motivation, morale, performance and results, but you will also achieve a financial return significantly greater than any money spent. Putting money back into your budget and maximising staff performance has to be a key focus in meeting the increased costs you will face over the coming years.
You can use our wellbeing calculator (it’s a spreadsheet) to calculate the costs of poor wellbeing to your school. Simply insert your own figures and use it as a rough guide to see how much you will save by taking action – you can download it using the button below.
If you need any support in using it then please e-mail firstname.lastname@example.org