More than half (52%) of UK employees would choose a company that cared about their wellbeing over a company that pays 10% more
There is still a disparity between employees and employers when it comes to wellbeing in the workplace. While employee wellbeing has been recognised as an important focus for all employers, recent research from Reward Gateway shows that employees still aren’t receiving what they need from their current wellbeing programmes.
Over half (51%) of employers believe that their company does show they care about their employees mental, physical and financial wellbeing but only 14% of employees would agree that their company couldn’t do more to show they cared about their mental, physical and financial wellbeing.
Although there is a clear difference between what employers believe they are doing and what their employees feel they are doing, it is important that employers care about their employees’ wellbeing as 52% of UK employees stated they would choose a company that caters to their wellbeing over a company that pays more.
Doug Butler, CEO at Reward Gateway comments, “Wellbeing is a crucial part of employee engagement and, as the research shows, companies are struggling to implement the wellbeing initiatives that their staff need.”
Shockingly a third (33%) of respondents reported that their company doesn’t currently offer a wellbeing programme, while 29% stated their company only offers a physical wellbeing programme and a further 23% only receive a financial wellbeing programme. Only 22% of the respondents said they were currently offered a wellbeing programme.
Although some companies may take comfort in the fact that they do provide their employees with employee benefits programmes it is still possible that their employees are not getting the most out of them due to a breakdown in communication. While almost 1 in 2 (48%) believe their employer communicates wellbeing solutions well, nearly a third (29%) of employees admitted they didn’t know what wellbeing programmes their company currently offered.
Lucy Tallick, head of wellbeing at Reward Gateway adds, “Employee wellbeing is not about crisis management and fixing problems. It’s about helping your people live better and feel better by facilitating sustainable lifestyle changes that really make a difference.”
“Employers should take into consideration that everyone has unique desires and needs, and, in order to gain buy-in, it’s much better to give the employee solutions that provide choice and flexibility. By creating an inclusive programme, you’ll also hugely increase your engagement.”