socreates for business
Socreates helps businesses improve their bottom line through empowering employees to be more engaged and productive.
Did you know that:
Happy employees are 12% more productive than unhappy ones? On the department level, business units with high employee engagement realize a 17% increase in productivity and a 41% reduction in absenteeism (Gallup)
In contrast, actively disengaged employees cost the USA in lost productivity $450 to $550 billion per year? (Gallup)
This matters because
Customer service departments with highly engaged employees see a 20% increase in sales and 10% increase in customer ratings. (Gallup)
In workplaces where stress is high, healthcare costs are 50% greater than workplaces where stress is lower.
Employers have a choice: they can pay the cost of disengaged employees with lower rates of productivity, higher rates of absenteeism, and more frequent turnover; or they can instill a positive cycle by offering programs that empower employees with the tools to weather their stress and bring their best selves to work.
According to a recent United Healthcare study, 73% of employees are interested in wellness programs while 59% of those with access to it say it has made a positive impact on their health.
However, a recent Harvard Medical study found that corporate wellness programs that only focus on the physical aspects of wellness (diet, exercise etc) did not change rates of absenteeism, turnover or job performance (although it resulted in 13.6% of employees actively managing their weight).
Given that 80% of large companies in the US offer a wellness program, it is time to explore what kind of wellness programs will get at the root causes of disengagement and can positively affect productivity, turnover and profitability.
Socreates is a self-guided platform that empowers employees to raise awareness of and address the thought and behavioral patterns which hold them back from being fully engaged.