The cost of living crisis is impacting businesses, in what is being called the ‘cost of doing business crisis’. A survey of 1,000 businesses by the British Chambers of Commerce found that the crisis has left one in twenty companies considering ceasing to trade, while a further half will cut costs. Organisations can reduce business costs through energy. However, with most companies tied to lengthy contracts, switching suppliers is not an option for many.
Behaviour change to help reduce business costs
This is where behaviour change comes in. Encouraging behaviour change from employees in energy consumption and waste reduction is now essential. From not switching off electronics to wasting physical resources, these areas all add to unnecessary costs for businesses. At Jump, we have spent over a decade formulating employee engagement strategies to great success. Our behaviour change model creates opportunities for sustainability, incentivises it, and creates new habits. We have adapted it from behaviour change models such as COM-B and EAST in cohesion with our lengthy experience of employee engagement. The behaviour change promoted in a Jump programme resulted in an average saving of £87,150 per client in 2021 alone. Alongside this, utilising a Jump programme will benefit the bottom line. We explain some further benefits to using our programmes below.
Further benefits
Investing in sustainability won’t only see a return in investment in the short term. It will also make your business future proof and save you money for years to come. We all need to evolve to tackle climate change, and eventually, businesses that don’t will be penalised. Being able to prove that your company has a long-term commitment to cutting emissions will be essential in the future. For this, Jump programmes make tracking and reporting sustainability data easy. We provide data breakdown and figures which you can utilise for your sustainability reporting.
Creating a culture of sustainability and wellbeing in your workplace based on fun and teamwork will increase staff retention. A 2020 survey by Reuters found that 65% of respondents would prefer to work for a company with strong environmental policies. While The Financial Times recently found that three-quarters of UK workers are looking to change jobs this year. Retaining employees by showing a solid commitment to sustainability will reduce recruitment and induction costs during this financial crisis.
Investing in sustainability can make your business money through a good public image. Increasingly, consumers want to see businesses committing to net zero. A recent study by Deloitte found that 50% of Gen Z are reducing how much they buy, while 45% have stopped purchasing brands with sustainability concerns. As Gen Z are the future, this is another example of sustainability for becoming future proof.
Take the jump
With over a decade of experience in providing sustainable employee engagement programmes to businesses in both the private and public sectors, investing in a Jump programme leaves you in safe hands. We can help you save energy by motivating your employees to adopt energy-saving behaviours. If making your business future proof is something you’re interested in, book a call with our employee engagement experts to see how we can help.
