Only 39 per cent of companies believe their current wellbeing strategies meet workforce needs, according to PIB Employee Benefits.
A new report by PIB Employee Benefits and YouGov surveyed 1,000 senior HR decision-makers on workplace wellbeing initiatives revealed nearly half of businesses lack the data needed to inform their wellbeing strategies, preventing them from effectively addressing key risks and supporting employee needs.
The report also notes rising costs as a significant hurdle, with 40 per cent of organisations seeing financial restrictions as a major impediment to adopting comprehensive wellbeing programmes. Balancing impactful projects with budget constraints is a significant challenge for many businesses.
The research provides HR professionals with useful insights into the objectives, data gaps, and critical elements that drive successful wellness policies, as well as prospects for development and improvement.
PIB Employee Benefits wellbeing consultant Suzanne Summerfield says: “Understanding the current landscape of workplace wellbeing is crucial for organisations aiming to support their employees effectively. Our report not only highlights the existing challenges but also makes a strong case for using a data driven approach to decision making to support wellbeing strategy and investment.”
