Focusing on well-being rather than pay increases could actually have more impact in the workplace

“…the most commonly mentioned benefits of investing in employee wellbeing were: increased productivity; reduced number of sickness absences; reduced staff turnover and increased retention of skills; and improved staff morale. Also cited were: reduced recruitment and training costs; improved company reputation as a ‘good employer’; and improved financial performance and competitiveness. …improving financial capability increases general health questionnaire scores for both men and women by a far higher percentage, regardless of income level, than giving them an extra £1,000 a month income. Therefore in the workplace focusing on wellbeing rather than pay increases could actually have more impact. …We can’t afford to continue focusing on crisis management alone. We need instead a strategic, preventative approach that combines a variety of different agencies, including employers, to help people manage their complex and changing circumstances on an ongoing basis. That way, we help more people have better lives overall, as well as avoiding crises.” Continue reading below! workplacewellness workplacewellbeing workplacefinancialwellness workplacefinancialwellbeing financialwellness