Employee
wellbeing in 2018
Three types of wellbeing strategy for your organisation
As we look to the New Year, it’s time to consider wellbeing in all areas of your business.
We explore at the three core areas you should be looking at this coming year.
Physical
wellbeing
Around 12% of gym members
sign-up in January, and
according to the Fitness Industry
Association, most people have
quit or stop going after 24 weeks.
Providing employees with access
to a gym or offering employer-
supported or subsidised gym
membership can play an
important part in a corporate
health and wellbeing strategy. By
helping employees to stay fit and
healthy, employers can expect to
reap the rewards.
According to the AFLAC 2012
Workforce Report, employees
who took part in a workplace
wellness program were more
satisfied at their jobs and were
generally more content.
The benefits of physical fitness
are well publicised and caring
for your employees physical
wellbeing would be an ideal
benefit to offer.
Financial wellbeing Mental wellbeing
Financial concerns are becoming more and
more prevalent in the workplace. According to
the 2017 DNA of financial wellbeing report from
Neyber, 58% of employees admitted to being
mentally and physically affected by financial
worries. With 33% of employees citing financial
worries as the biggest concern, ahead of health,
relationships and work life balance. These
financial problems are not necessarily because
of poor financial management, but increasingly
from external factors such as the rising costs
of education and housing, depressed wages,
rising childcare costs, as well as energy and
food prices, which are all taking their toll on
employees across the UK. According to the Health and Safety Executive, 12.5
million working days were lost due to work-related
stress, depression or anxiety in 2016/17.
Now is the time to go one step further and offer
your employees access to financial wellbeing
solutions including loans direct from salary,
on-site financial education and saving products.
Personal Group have partnered with Neyber
and SalaryFinance to offer employees access
to affordable borrowing with low APRs and
manageable repayments that are taken directly
from payroll.
Offering additional support such as fairer finance
schemes is a practical way employers can
improve the overall wellbeing of their staff. This
proposition is about offering practical financial
support as part of an overall holistic benefits
package which tackles wellbeing head on.
Mental wellbeing has never been so important,
with work-related mental ill-health costing the
UK economy up to £26 billion every year through
lost working days, staff turnover and lower
productivity.
Stress management resources including
mindfulness training could be the ideal antidote.
Mindfulness-based Stress Reduction (MBSR)
and Cognitive Therapy (MBCT) courses may be
something that you really see benefits from – The
Mindfulness Initiative has shown businesses
teaching mindfulness have seen improvements
in many measures of team performance and has
been practiced by businesses including HSBC and
Jaguar Land Rover.
2018
Physical
w
Financia ellbeing
l wellbei
ng
Mental w
ellbeing
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