Employers that are highly focused on employee well-being are twice as likely to report better human capital and financial outcomes than companies with low well-being effectiveness, according to a new survey by WTW.
The survey, which polled more than 3,600 global employers and more than 45,000 employees, found 69 per cent of highly effective employers reported strong employee engagement (compared to 28 per cent of less effective employers), 68 per cent reported high employee productivity (compared to 26 per cent) and 66 per cent reported high financial performance (compared to 43 per cent).
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When asked what their top priorities were for delivering on their well-being strategy over the next three years, 56 per cent of employers cited communication, followed by culture (55 per cent) and diversity, equity and inclusion (42 per cent).
Competition for talent (65 per cent) was the No. 1 issue influencing employers’ well-being strategies, followed by emphasis on DEI (52 per cent), the growing mental-health crisis (48 per cent) and flexible work arrangements (44 per cent).
Three-fifths (59 per cent) of employees cited financial well-being as a priority, compared to only 22 per cent of employers. Conversely, emotional well-being was ranked higher by employers (66 per cent) than employees (41 per cent).
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