Two-thirds of corporate leaders believe responsibility for employee wellbeing lies with the employer, according to new research which suggests employee wellbeing policies are no longer an optional extra but integral part of running a successful business.
The survey of leaders of more than 175 organisations, conducted by Management Today in association with financial protection insurer Unum, also reveals that the happiest workers are those who feel part of a team (46%), feel empowered to do their job (45%), think that their achievements are recognised, particularly where they exceed expectations (45%), and believe that their employer listens if they have problems or concerns (44%).
When asked to identify benefits that have a high or very high impact on engagement, respondents opted for flexible working (71%), a pension scheme (51%) and provision of income protection (41%) as the top three. Cycle schemes, occupational health schemes and life insurance are considered to have much less impact on wellbeing and engagement.
More than half (55%) of respondents believe that supporting staff financially if they fall ill is an important factor in contributing to employee loyalty.