ANDOVER, England, June 6, 2011 /PRNewswire/ --
Latest research from Simplyhealth has found that three quarters of employers (76%) do not correlate employee health and wellbeing to productivity. This figure rises to 86% amongst Finance Directors. Yet, UK companies could be missing a trick as employees value health and wellbeing at work above career progression opportunities.
Simplyhealth's engaging employees through health and wellbeing report also found that three quarters of employees whose employer cares a great deal about their health and wellbeing describe themselves as very loyal. The failure to correlate benefits with productivity could mean that employers do not fully understand the impact they can have, and are missing a key opportunity to engage with staff.
Nick Kemsley of Henley Business School says: "Research indicates links between high engagement and improvements in absenteeism, discretionary effort and employee retention, and therefore to productivity. Although health and wellbeing is only one contributing factor to a fully engaged workforce research does show that feeling worthwhile and valued is key to an employee's psychological contract with an employer. This survey suggests that, as cost management bites, employers are looking for alternatives to the more investment led methods of supporting health and wellbeing."
James Glover, Sales and Marketing Director for Simplyhealth says: "The UK workforce is currently under pressure and over a quarter of employers admit they've increased workloads. During times like these it's even more important to support the needs of staff. Smart employers need to recognise that investing in people will not only benefit the business now, but in the future as talent is retained when more prosperous times return."
Nick Kemsley adds: "Given that there is unlikely to be a sudden relaxation in financial constraints around employee health and wellbeing, employers would perhaps be wise to consider the most cost effective means to maintaining tangible key benefits, whilst still finding ways to enhance engagement that are less reliant on money".
Simplyhealth's engaging employees through health and wellbeing report surveyed 504 Managing Directors, HR Directors and Company Directors, 204 Finance Directors and 1,005 workers.
Simplyhealth provides cash plans, dental plans, self funded health plans and private medical insurance to 11,000 companies in the UK. Our plans can help recruit and retain staff, manage absence and help employers fulfil their duty of care needs. For further information about Simplyhealth please visit http://www.simplyhealth.co.uk/forbusiness or call +44(0)845-075-0063.
Notes to Editor
- We surveyed 1,005 workers, 504 Managing Directors, Human Resources Directors, Divisional and Company Directors and 204 Finance Directors between 27 April and 3 May 2011 using an online fieldwork methodology
- We became Simplyhealth in 2009 after bringing together HSA, BCWA, LHF, HealthSure and Totally Active, our family of health companies have joined together over the last nine years to form Simplyhealth
- We've been providing healthcare solutions for nearly 140 years, dedicated to serving our customers through a variety of cash plans, dental plans, private medical insurance, healthcare trusts and mobility and living aids
- Simplyhealth is a trading name of Simplyhealth Access, which is authorised and regulated by the Financial Services Authority
- As of December 2010, Simplyhealth had 1.2 million customers providing cover for some 2 million lives
- Simplyhealth is committed to making a positive impact on its communities. Last year, we donated GBP1.6 million to health related charities and causes
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