INVESTING IN YOUR EMPLOYEES
A growing number of employers are shifting their focus from traditional terms and conditions of employment to a more comprehensive offer. These new offers focus on staff holistic well-being considering the physical, mental, social and emotional needs of their employees to reduce sickness and stress levels, while improving staff recruitment and retention, boosting productivity and becoming a more attractive employer.
This shift in focus has come from increased evidence and understanding of the negative impacts that poor well-being can have on peoples performance, as well as shocking statistics around the number of people who are affected. For example, a recent study by the mental health charity Mind, found that 1 in 4 people will experience a mental health problem each year and Cigna research revealed that 8 in 10 people are experiencing work related stress.
A recent Financial Times article argued that the state of the national workforce has been deteriorating in the last 4 years with the average number of working days lost to absenteeism or presenteeism (where employees come to work but are not productive) rising from 23 % to 30 %.
However, staff are still unwilling to discuss issues with their employers and a recent survey by Time to Change Wales found that 34% of employees would not feel comfortable telling their line manager about their mental health problem. The stigma and perceived lack of support around mental health also continues to be an issue where they are too embarrassed to admit they have problem or afraid of perceived repercussions.
When candidates are considering choosing an employer, 40% of those aged 18-24 thought that an organisation's health and well-being offer was "very important" factor in deciding whether to take a job. (Personnel Today)
Employers adopting a more holistic view of benefits, overwhelming results in the employees agreeing that their employers benefit offerings make them feel more appreciated by their employer. And, unsurprisingly, employees are engaging with programmes is up by 91 %. This is leading to a workforce that is more active, healthier, happier and seeing an improvement in their overall well-being. 90 % say they feel more positive about the work culture, 78 % say they are more productive at work and 63% say they feel loyal to the company.