From Business Matters.
Research found that 45 per cent of UK companies have a clearly-defined wellbeing strategy in place, compared to less than a third in 2016 – and 26 per cent have had a strategy for more than three years. Of those that don’t, virtually all plan or wish to implement one – with 46 per cent planning on implementing one this year, 24 per cent in the next few years and a quarter having it on their ‘wish list’.
Over a third launched their wellbeing strategy to improve employee engagement, and just over a quarter to improve organisational culture. Other drivers included improving productivity levels, reducing long and short-term sickness absence and retaining talent.
Beate O’Neil, Head of Wellbeing Consulting at Punter Southall Health & Protection said, “The jump in companies promoting employee health and wellbeing to improve their culture and engage employees demonstrates that wellbeing is no longer a ‘nice to have’, but an area of growing strategic importance.”
“Whereas in the past many employers struggled to obtain budgets for wellbeing initiatives, almost two-thirds of respondents with a wellbeing strategy now have a dedicated budget. The median annual spend per employee on wellbeing is between £51 and £75, which is encouraging.”
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