Intelligent SME.tech Issue 46 | Page 29

intelligent

// FEATURE //

ANY ORGANISATIONS

M

MAY not fully recognise the importance of mental health in the workplace or understand the significant impact that high pressure and stressful environments can have on employee wellbeing and productivity .
Managers and supervisors often lack the necessary skills to identify and manage work-related stress and mental health issues . However , when an organisation invests in comprehensive mental health programmes and policies , it can reap numerous benefits , including financial gains and improved employee wellbeing .
In the context of the majority of UK SMEs , departments are tasked with balancing priorities while also pursuing growth . In this pursuit , data analytics is often overlooked as a powerful tool that offers transformative , trackable insights , leading to informed decision-making .
According to a study by Gupta and Bhatt ( 2021 ), the impact of HR analytics on organisational excellence is significant , highlighting its vital role in enhancing the efficiency and effectiveness of HR practices . Particularly within the context of HR departments , data analytics revolutionises recruitment , talent management , employee engagement and health and wellbeing .
When you measure the positive impact of health and wellbeing using data analytics , organisations are in a much stronger position to direct initiatives appropriately to optimise return on investment . By effectively measuring and monitoring progress , you can increase that return further .
Organisations are often wary of investing in wellbeing measures when there is no guarantee a new initiative will have the desired impact and , more importantly , bring a return on investment .
Piloting new schemes on a smaller scale , where data can be collated and assessed to see if a new initiative is having a positive impact on employee wellbeing and overall engagement , is a good first step in demonstrating to management that a concept will succeed or fail before a large investment is made .

IN TROUBLING TIMES WHEN AN EMPLOYEE NEEDS ADDITIONAL SUPPORT , EMPLOYERS EQUIPPED WITH THE RIGHT SKILLS TO RECOGNISE THE EARLY WARNING SIGNS ARE VERY IMPORTANT .
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