Employee engagement and retention are two critical factors that determine the success of any business. According to a report by Gallup, only 9% of UK employees are engaged or enthusiastic about their work, putting us 33rd out of 38 European countries. At the same time, the average employee turnover rate is 35%.
Formulating a strategy for promoting wellbeing involves an ongoing and evolving approach. By adopting a cyclical plan, you can establish wellbeing as a fundamental business objective and showcase its financial benefits. The typical cycle often looks like this:
Wellbeing support to improve employee engagement and retention
Reduce stress and burnout
Wellbeing solutions such as mindfulness, yoga and stress management workshops can help employees control their stress levels and prevent burnout.
Improve physical health
Access to services like fitness classes or nutrition counselling can help increase energy, focus and productivity.
Increase job satisfaction
Ensuring employees feel valued and appreciated can influence job satisfaction. When they’re satisfied with their jobs, they’re more likely to be engaged and less likely to leave.
Healthier work-life balance
Resources with information on how to manage their personal and professional lives, such as flexible work schedules or work-life balance workshops, can help employees achieve a better work-life balance.
Boost employee morale
Wellbeing solutions can help improve morale, empower employees to look after their health and help to create a positive culture.
Improve retention
When employees feel supported and valued by their employer, they're more likely to stay with the company long-term, reducing recruitment and training costs.
Our research has found that the most valued benefits, as voted for by employees, are:
33% private healthcare
29% access to counselling
29% mental health days off
24% 24/7 GP service
22% access to a gym
Finding out what drives your employees is crucial. Our consultants will work with you to better understand the root cause of any employee engagement and retention challenges and develop a bespoke programme to fit your needs.
Our recommended solutions to improve employee engagement and retention
Business health insurance
Enable employees to access treatment quicker and return to work sooner with business health insurance which makes private healthcare more affordable.
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Health cash plans
With 24/7 GP consultations, money back on regular healthcare and quick diagnosis, health cash plans give employees access to valuable health and wellbeing services.
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Corporate fitness services
An integrated approach to fitness and wellbeing at work. Services can include group classes, virtual classes, personal training and other initiatives to promote a healthy lifestyle for workers.
Find out moreWhat do our customers think?
“Coming to work is no longer just about pay, it’s about the culture and how we look after our people. Westfield Health supports our colleagues with their emotional, physical, social, environmental and financial wellbeing. ”
Sofology
Related resources on how to improve employee engagement and retention
Blog post
Blog post:
Three tips to help your people build positive habits and keep them engaged with wellbeing at work
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Guide: Exercise and nutrition at work
People who are less physically active have higher rates of unplanned illness-related absenteeism, so how can employers encourage more physical activity at work?
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