Employers Prioritize Total Wellbeing, Embrace Technology to Drive Workplace Productivity, Employee Satisfaction
NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Buck, an integrated HR and benefits consulting, administration, and technology services firm, released Working Well: A Global Survey of Workforce Wellbeing Strategies. This eighth edition of the survey found that 40% of participating organizations believe they have achieved a culture of wellbeing in 2018 compared to only 33% in 2016. Among the remaining respondents, 81% aspire to achieve a culture of wellbeing.
The survey indicates that workplace productivity, job satisfaction, and employee retention are linked to physical health and financial wellbeing, among other elements of broader total wellbeing. These findings are based on responses from 252 employers in 56 countries covering 5.22 million employees.
Nearly 75% of employers view support for total wellbeing as an important element in their employee value proposition, with the same number citing it as a part of their corporate image or brand – a dramatic rise from 38% in 2016. Almost half say it supports diverse needs by generation or life stage. In addition, the survey showed a significant rise (up from 66% in 2016 to 73% in 2018) in employers' focus on reducing health care or insurance costs.
"Our survey results confirm that supporting employee wellbeing holistically is much more than a 'nice to do' – it's a core, competitive business need," said Ruth Hunt, a Principal in Buck's Engagement practice and also the Global Workforce Wellbeing Survey leader. "Our findings demonstrate that a failure to creatively invest in employee wellbeing can result in many adverse consequences for the success and sustainability of a business."
According to the survey, top factors influencing employee wellbeing include stress (95%), work/life issues (94%), depression, anxiety, and weight management issues (93%), and access to healthcare services (92%).
"A combination of stressors such as health challenges, relatively stagnant wages, heightened financial pressures, and always-on technology are taking a personal toll on employees. Employers are now focusing their wellbeing programming accordingly," said Hunt. "Wellbeing has become a popular catch-phrase, but the stressors are real and employers can actually see how employees' wellbeing is impacting the bottom line."
For more information about the survey, visit Buck's website at www.buck.com.
About the Survey
Now in its 12th year, Working Well: A Global Survey of Workforce Wellbeing Strategies, eighth edition, 2018, is the longest-running global survey of its kind, exploring trends in employer-sponsored wellbeing programs. From an original focus on physical wellness and related health promotion, the survey scope expanded to include financial wellbeing in 2016. The 2018 questionnaire expanded again, asking employers to assess the extent to which their organizations are supporting employees' physical, mental/emotional and financial, as well as professional, social, community, and other aspects of wellbeing.
Buck is an integrated HR and benefits consulting, administration, and technology services provider. Headquartered in New York City, with global operations, Buck is focused on helping its clients realize the best organizational performance for their business while driving positive health, wealth, and career outcomes for their people. For additional information, visit www.buck.com.
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