Explore practical guidance to help your business build a mentally healthy workplace and stay ahead of workplace obligations.
When businesses plan for the year ahead, they often focus on costs, cash flow and operational efficiency.
However, EOFY is also an opportunity to review a growing driver of business performance: workplace wellbeing.
New psychological health regulations are changing how businesses approach workplace wellbeing. Increased focus on psychosocial hazards and employee expectations are also driving change.
Importantly, the benefits of creating a mentally healthy workplace can be significant. Safe Work Australia estimates poor mental health costs Australian businesses billions each year through absenteeism, disengagement and staff turnover.
Why workplace wellbeing is becoming a business priority
Victorian Chamber of Commerce and Industry CEO Sally Curtain says many employers are adapting to a rapidly changing workplace environment.
“Businesses face increasing expectations around workplace health and safety, employee wellbeing and compliance,” Curtain says.
“While many employers are managing financial pressures, they must also understand the workplace risks that can affect productivity, retention and team performance.
“Taking a proactive approach helps businesses identify issues early. It also helps create healthier and more sustainable workplaces.”
Practical resources for healthier workplaces
Through its partnership with the Victorian Chamber of Commerce and Industry, Hub Australia provides members with practical resources. These tools help organisations build healthier workplaces and meet their obligations.
Hub Australia members can access:
- Mentally Healthy Workplace Program for your business
- Lead the Change webinar on the 24th of June
- Fair Work Record Keeping Checklist using code HUBEOFY
Building resilient teams for the year ahead
Hub Australia co-CEO Rebekah Murphy says healthy and connected workplaces are becoming a strategic priority for businesses.
“People perform at their best when they feel supported and connected. They also need opportunities to do meaningful work,” Murphy says.
“Businesses that invest in wellbeing, leadership capability and positive workplace experiences are often better positioned to attract and retain talent. They can also build stronger and more resilient teams.”
The businesses best positioned for the year ahead won’t necessarily be those making the biggest cuts. They’ll be the ones building resilience and reducing risk by strengthening systems and creating workplaces that can adapt to change.
Instead, they will be the ones building resilience, reducing risk and creating workplaces that can adapt to change.
“End of the financial year is the perfect opportunity to review where your business can become more efficient,” Curtain says.
“It’s a chance to review your systems, identify risks and prepare for the year ahead. This approach helps businesses respond early instead of reacting when problems arise.”
Wherever you work, explore the Victorian Chamber resources available to Hub Australia members and take advantage of practical tools designed to help your business stay ready for what’s next.
