A happy workforce is a productive one. James Biggs, consultancy and well-being director at Lorica, explains why keeping your staff well informed about company benefits makes sound business sense.
What trends are you currently seeing in employee benefits and rewards?
Recently, we’ve seen a distinct shift in mentality; employers are no longer offering benefits simply to meet statutory requirements or be competitive in their industry. Today, the focus is firmly on employee well-being. People have woken up to the fact that having a happy, healthy workforce makes good business sense, and so reward and benefits programmes are being shaped around this.
How can employers develop an effective employee well-being strategy?
There are three core elements to well-being: physical, mental and financial. All three are, of course, intrinsically linked – issues in one area will almost inevitably eventually affect the others. Most employers already offer benefits that tick boxes across the three: medical insurance/cash plans, gym memberships, employee assistance programmes, workplace pensions, discount schemes and so on. Well-being is ab... View More