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83% of employers to have a wellbeing strategy by 2020

Company wellbeing strategies have doubled since 2016, according to new research.

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One in seven companies now have a strategy in place for monitoring employee wellbeing
One in seven companies now have a strategy in place for monitoring employee wellbeing

Together with AXA PPP healthcare, the Reward & Employee Benefits Association (REBA) have carried out research on wellbeing.

 

The research found wellbeing has transitioned from being a niche benefit to a mainstream strategic concern in just three years.

 

One in seven firms (68 percent) now have a strategy in place for monitoring employee wellbeing – more than double the percentage (29 percent) that had one in 2016, according to the research.

 

Results indicate that if the creation of wellbeing strategies continue at their current rate, the number of employers without a strategy could be as low as 17 percent by just 2020.

 

As well as the rise in wellbeing strategies, the survey reveals a significant increase in employers offering specific mental health support.

 

This year nearly half (45 percent) of employers report having a dedicated mental health strategy in place – up from 15 percent who did so in 2018.

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