By Mike Davis, Head of SME Direct, AXA PPP healthcare
Working in a small business can often be very fast paced and busy. When the business has upcoming deadlines, such as a new client pitch or a presentation, it may be common for members of the team to stay behind after hours in order to meet deadlines.
However, if this situation occurs frequently, it could have a negative impact on your employees’ work-life balance which could be causing them to feel unhappy at work. According to research conducted on behalf of AXA PPP healthcare, 56% of SME employees said that having a work-life balance would make them the most happy at work. Other factors that affect work-life balance, such as having an easy commute and having flexible working hours were also identified as being important to workplace happiness, with 40% and 43% of the vote, respectively. 47% of respondents said that having a poor work-life balance makes them the least happy at work1.
This is also reflected in the fact that 29% of respondents said that having the ability to flex their working hours at the beginning and end of the day is the employee benefit that’s most important to them, with 27% saying that the most important benefit is the ability to work from home1.
Ensuring that your team have a positive work-life balance can therefore help to improve overall employee happiness at work, which could be beneficial for productivity. When testing the idea that happy employees work harder, researchers from the University of Warwick found that happiness made people around 12% more productive2. A positive work-life balance can be encouraged by:
An important factor to bear in mind when it comes to employees’ work-life balance is that, as the owner of the business, your team may often look to you when it comes to work-life balance behaviours. If you’re regularly staying in the office until gone 7pm every day and not taking a lunch break, you may find that your team begin to model these types of behaviours too. As such, you could make a point of leaving the office at a reasonable time each day, or going out for a walk at lunchtime and encouraging your team to do the same.
At AXA PPP healthcare, our small business health insurance aims to get you and your team back to work quickly through prompt access to diagnosis and eligible treatment. Our small business health insurance can be tailored to the needs of your team and your business, so you can provide your people with the healthcare cover that best suits them.
Offer for FSB members – As an FSB member, when you take out small business health insurance with us at AXA PPP healthcare, each member covered under the plan can choose one of the following offers:
Find out more about our offer for FSB members (Terms and conditions apply)
Find out more about our small business health insurance, including what we do and don’t cover, and get a quote today