Wellbeing is great for business!
Many employers feel that having a culture that attracts and keeps good people should be offered broad and innovative employee benefits: With choices of weekly yoga sessions and free healthy breakfasts, to rewards for cycling to work, as well as a pension and company medical insurance scheme, smart employers are placing wellbeing at the heart of what they do.
Recent trends and research have shown a “wellbeing vacuum” in Britain’s workplaces – at a time when the number of people experiencing mental health problems is increasing. A Chartered Institute of Personnel Directors (CIPD) survey found that the number of people suffering from mental health problems at work, such as anxiety, stress and depression, has risen from a quarter to a third over the past five years. And yet fewer than one in 10 (8%) of UK organisations have a standalone wellbeing strategy. Many rely on one-off initiatives instead.
According to the Reward & Employee Benefits Association ‘Managing sickness absence should be a key consideration behind the introduction of healthcare benefits. The business cost can be considerable from paying salaries or sick pay, to replacement staffing costs – not to mention its impact on customer satisfaction and workforce morale.’ 2017.