Basic Benefits are History: New Global Survey of HR Leaders Reveals that While Mental Health Crisis Looms, Organizations are Seeing Value of Prioritizing Employee Wellbeing
Seventh Virgin Pulse survey provides definitive insights on global health and wellbeing trends and priorities
PROVIDENCE, R.I., June 8, 2023 /PRNewswire/ -- Organizations worldwide are facing a multitude of pressures, from financial headwinds and rising costs to continuing staffing and productivity challenges. Amid this volatile and uncertain business environment, a new global survey from Virgin Pulse found that companies are expanding their commitment to wellbeing initiatives with new strategies to attract and retain talent. The 2023 Global Workplace Wellbeing Survey found that companies who offer health and wellbeing programs are seeing clear ROI and increased employee participation, and that these programs help address their top challenges: company culture and mental health. Virgin Pulse, the leading global digital-first health, wellbeing, and navigation company, is unveiling these insights as part of its celebration of Employee Wellbeing Month. Now in its 15th year, Employee Wellbeing Month aims to bring awareness to the need for physical, mental, emotional, financial, and social wellbeing support.
Today, more than 70% of executives are confidently seeing the ROI from their employee wellbeing strategies, largely attributed to health outcomes. This is a significant change from the 2018 global survey where only 23% indicated that they could clearly measure the impact of their investment. Additionally, two-thirds have seen an increase in employee participation versus last year as companies prioritize and publicize these programs. Looking at regional specifics, the U.S. participation increase was the highest at 80%, with France at 75%.
"It is no longer enough to offer basic benefits. Employees want to work for a company where their health and wellbeing is a priority, and where each individual is seen as a whole person," said Jeff Jacques, MD, chief medical officer for Virgin Pulse. "This survey really highlights what employers have intuitively known for years but haven't always known how they could help: thriving employees contribute to a thriving organization. Despite the challenges being faced globally, it appears that many organizations now understand that investing in their employees' health and happiness pays many dividends."
Other notable findings from the 2023 Global Workplace Wellbeing urvey include:
HR Priorities & Plans for 2024
Despite ongoing cost management challenges, the survey found that a majority of respondents (59%) plan to introduce or increase their health and wellbeing programs, mental health programs (57%), flexibility (55%), and healthcare benefits navigation (53%). These results were echoed in most countries surveyed; however, France stands out by identifying healthcare benefits navigation and advocacy programs as a top need.
For more information about the 15th annual Employee Wellbeing Month, including free resources and actionable tips, please visit our website.
About Virgin Pulse
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SOURCE Virgin Pulse
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