Bupa have launched a new publication which “explore[s] the perspectives of industry experts to reflect on progress, offer real market insights and discover new opportunities in workplace wellbeing.”
We’ve read through and picked out some facts and points of interest from the publication.
Some key facts
- Experimental work shows that improving wellbeing can boost productivity by as much as 15%.
- Less than 10% of companies have a strategic approach to wellbeing linked to their business objectives.
- The economic and social cost of mental illness is £105billion, this is similar to the entire NHS budget.
- Organisations promoting wellbeing for their people are three and a half times more likely to be creative and innovative.
- Customer experience is strongly correlated with the wellbeing of the employee with whom they interact.
- Mental health issues affect one-in-four adults in the UK at any one time, and that during their lifetime, half of all adults will experience mental health issues.
- One in 10 employees struggles financially but won’t tell their employer.
- Of people with mental health problems 92% said they found making financial decisions harder.
- Sensing technology it set to revolutionise healthcare and personal wellbeing assistants are the next thing to look out for.
- Generation X and millennials worry more about their long-term future health than baby boomers.
- 17% of millennials have a wearable device that connects to the internet such as a smart watch.
- Leadership at a board level is critical to success. Leaders have the ability, and responsibility, to inspire each other and increase visibility by sharing positive outcomes.
- Management training in wellbeing helps shift attitudes and provides new skills that allows businesses to adjust to the needs of it’s employees. This type of education should begin at the start of careers.
- Collaboration leads to faster and smarter development. Creating connections between technology, wellbeing and business expertise, can lead to transformational progress.
- Technology is becoming more accessible and affordable, which is leading to new insight through better data. To make a real impact, technology must be aligned to, and supported by, a culture of wellbeing.
Access the full report here, its an interesting read.