Your all-in-one employee wellbeing guide

Chapter 1

Why is having a strong wellbeing strategy important?

A strong wellbeing strategy brings benefits to both employers and employees. We’ve said it before, but we’ll say it again — it’s a great example of what’s good for your employees being good for you.

Employees will:

  • Be happier and healthier
  • Feel less stressed about their finances
  • Feel more empowered and valued as individuals
  • Recommend you to other potential employees

 

Take a look at these stats...

89%

of workers at companies that support wellbeing initiatives are more likely to recommend their company as a good place to work¹

61%

of employees agree they have a healthier lifestyle because of their company’s wellbeing programme²

60%

of employees would recommend their organisation as a good place to work if they supported their mental wellbeing³

 

Meanwhile, the World Health Organisation estimates that depression and anxiety disorders cost the global economy $1 trillion each year. Therefore, having wellbeing benefits as part of your employee offering isn’t just the right thing to do — it also makes good business sense.

What are the business benefits of employee wellbeing?

Not having a solid employee benefits package means you’ll struggle to stay competitive and productive as a business. But if you get it right, you’ll see an uptick in a lot of areas — specifically these three.

Attraction

  • Enhance your employer brand with a visible wellbeing offering that attracts candidates from all walks of life
  • Position yourself as a business that cares about every employee
  • Show candidates you can support them financially, physically and mentally during the cost of living crisis
hiring employees

Retention

  • Improve employee loyalty by making people feel looked after
  • Set yourself apart from the competition by providing more than just a salary
  • Use your wellbeing package as a constant reminder that you take your duty of care seriously

 

retaining employees

Engagement

  • See a reduction in employee anxiety and illnesses and therefore the resulting sick days
  • Be proactive and prevent employee burnout
  • Benefit from a healthier and happier workforce, which is more productive
motivated employee

Download our free employee wellbeing plan template

Plan your employee wellbeing strategy today with our easy-to-use template. It'll help you:

  • Ask the right questions when analysing your workforce
  • Understand your current costs and set a clear budget 
  • Get the tools you need for managerial buy-in
woma meditating