The Aon Benefits and Trends Survey draws on the responses of more than 200 participants across a broad range of sectors, representing employers with fewer than one hundred employees to those with many thousands.

….Below content from the Aon Benefits and Trends Survey…

96% of employers see a direct correlation between wellbeing and performance. More businesses see the stats and are putting wellbeing at the heart of their budget.

Many private sector organisations would benefit from a more strategic and targeted approach that identifies and addresses the underlying threats to wellbeing

This year’s Aon Benefits and Trends Survey reveals a 16% increase in the number of businesses planning to develop an Employee Value Proposition (EVP) (i.e. the whole employee experience of working for an organisation). An EVP is about more than the usual benefits package, as Cary Cooper says, businesses need to “set themselves up to be ready for the complexities of the future”.

A sound understanding of the psychology of your employees is an asset. Knowing the questions to ask and how to ask them empowers you to create a dynamic environment that is right for your employees. Consider too that wellbeing means different things to different people, there is a big overlap with inclusiveness.

Organisations that implement and evaluate meaningful wellbeing strategies will see a positive correlation with performance, and consequently, will thrive. Wellbeing will be factored in to business budgets and the cycle will continue.

The future is bright, and every business has the ability to make a significant impact. It is well evidenced that workplace wellbeing is linked to attracting top talent, performance, absence and retention. CIPD advice is ‘that many private sector organisations would benefit from a more strategic and targeted approach that identifies and addresses the underlying threats to wellbeing.’ They also highlight the need to ‘ensure that wellbeing initiatives are achieving results through evaluating outcomes and taking a continuous improvement approach’.

It’s a self-fulfilling prophecy, address the wellbeing needs of your employees, constantly evolve and improve and your organisation will reap the rewards. 

While more businesses are switching on to the impacts of a cleverly implemented workplace wellbeing strategy, it may be a case of ‘only the fittest survive’. Ticking boxes by putting a few wellbeing activities in place is not a sustainable solution. An effective workplace wellbeing programme requires insight, understanding and the ability to adapt and improve.

Read the full report here

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