Since the start of the global pandemic, employee health has moved rapidly up the corporate agenda. Firms are beginning to understand that caring for employees is both productive and cost-effective.
This shift has highlighted the need for benefits professionals to work with colleagues in occupational health and safety, risk management, talent acquisition and human resource (HR) delivery to create a comprehensive approach to well-being.
To be effective, well-being should be a complete strategy that encompasses benefits, workforce engagement, and company culture, rather than a checklist of individual initiatives.
Strong well-being strategies include four pillars - physical, emotional, social and financial - that influence an individuals’ sense of purpose, increase happiness and promotes health.
Strong well-being strategies benefit employers, employees, and greater society.
The goal is to create a robust strategy that leads to better health while also improving business outcomes such as productivity, engagement, retention and trust.