Well being at Work: A Review of the Financial and Social Impact

Abstract

This thesis aims to review existing literature and research on wellbeing at work and its effect on a financial and social level to the employer and the employee. The problem of defining the concept was overcome by introducing several different definitions. Productivity losses can be due to not showing up to work or showing up while ill and the costs for both are significant. Measuring wellbeing can be problematic and to receive reliable data understanding the factors that affect the responses is a must. Increasing wellbeing at work must be done on a case-by-case basis. Methods can vary from training sessions to organizational policies. Some changes in an organization can increase productivity in the short-term with the expense of wellbeing however this can eventually lead to decrease in productivity.