Employers in the UK are rolling out workplace wellbeing strategies at an unprecedented rate, according to a new report, Employee Wellbeing Research 2017: The evolution of workplace wellbeing in the UK, from the Reward & Employee Benefits Association (REBA) in association with Punter Southall Health & Protection.
Almost half of UK companies (45%) now have a clearly-defined wellbeing strategy in place, compared to less than a third (30%) in 2016. Of those that don’t, 46% plan to implement one this year and 24% in the next few years. One quarter (25%) have it on their ‘wish list’.
Over a third (37%) launched their wellbeing strategy to improve employee engagement and just over a quarter (26%) to improve organisational culture. Other drivers include improving productivity levels (11%), reducing long and short-term sickness absence (6% & 5%) and retaining talent (5%).