Wellbeing is a concept that is growing in importance for employers across the UK. A workforce that is healthy, both physically and mentally, is a more productive one. And risk managers have an important role to play in helping their organisations to achieve this goal, while reducing costs over the longer term.
The Chartered Institute of Personnel and Development (CIPD) says that good health and wellbeing is a “core enabler” of both employee engagement and organisational performance. It is certainly true that for employees – notably the millennial generation – it is increasingly important to feel that wellbeing is a key part of their employer’s strategy.
This article highlights how introducing a holistic wellbeing policy can help to substantially reduce the costs associated with absenteeism, whilst providing risk managers with the evidence they need to get the issue of health and wellbeing on to their board’s list of priorities.