The next level
Download the guide to find out how investing in wellbeing and technology can boost your business’ bottomline.
How does mental wellbeing impact your business’s bottom line?
Nearly half of all small business owners work six or seven days to keep their business running and 88% of them think they miss out on quality family time because they’re distracted by their business.
According to the NZIER, poor mental wellbeing affects decision making and productivity for an average of 13 weeks. Happier, healthier employees are more productive and more profitable than their burned out, unsatisfied teammates.
If you want to reset how your business runs and how much money it makes, new economic research shows investing in wellbeing and digitising business processes are key.
Find out how to make beneficial changes to your business in The Next Level.
Investing in organisational wellbeing initiatives can have up to a 12 to 1 return on investment.
Wellbeing and productivity at work, NZIER report to Xero, March 2021
Get started with wellbeing in your workplace with The Check In
Based on advice from New Zealand health and wellbeing experts, The Check In is a five-step series to help support you and your team. It is designed to be easy to implement and doesn’t need to cost any money.
Resources
Wellbeing and productivity at work
We worked with NZIER to conduct research into the return on investment from approaches aimed at supporting better mental wellbeing at work. The findings are based on two approaches: reactive employee assistance programmes and proactive organisational approaches.
Economic potential of cloud-based business tools
Xero and NZIER conducted research into the potential for cloud-based business technology to improve New Zealand’s productivity. We found that a 20 percent uptake in cloud-based technology could add up to $6.2 billion to the New Zealand economy annually.
Small Business Wellbeing Report
In 2019, we worked with the Mental Health Foundation to investigate wellbeing across the Kiwi small business sector and created the Small Business Wellbeing Report.
Xero Assistance Programme
We also launched the Xero Assistance Programme (XAP) which provides free and confidential wellbeing support to approximately 850,000 Kiwi small business owners, their employees and families.
Where to get help
Business resources for workplace wellbeing
A free online tool for small-medium sized workplaces, including a step-by-step guide for changing your workplace environment and culture.
A website providing practical tools, ideas and resources to build wellbeing in your workplace. Developed by the Health Promotion Agency.
Provides access to a wealth of information about workplace wellbeing and general mental health.
Provides free resources, mentoring, networking opportunities and accreditation to support workplaces to ‘work better through wellbeing’.
New Zealand’s work health and safety regulator provides a wide range of information and guidance about health & safety in the workplace.
For Xero Starter, Standard or Premium subscribers and their families, a free and 100% confidential wellbeing support for anything from work, financial or family challenges to depression, drug and alcohol or social problems. For more information email xap@xero.com.
Employer Advice Line
Phone 0800 805 405 (8am – 6pm weekdays) Free advice for employers and managers about how to support team members with a disability or health condition, including mental health.
Getting personal support
Just a Thought is a free online cognitive behavioural therapy (CBT) tool, specially designed for New Zealand people. Easy to use, online courses provide New Zealanders with valuable skills and CBT techniques to support the different challenges we can face with our mental health.
Government healthlines
Phone Healthline on 0800 611 116 for help from a registered nurse, 24/7.
If you need to talk to someone, Free text or call 1737, 24 hours a day.
Start using Xero for free
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