Ensuring staff wellbeing is obviously paramount, whether we are in a recession or a growth economy, but with budgets being cut wellbeing benefits could face the chop thus sending out the wrong signal to staff. Rob Woollen explains how to implement cost-effective wellness strategies.
The business case for wellness is now well established, and forward-thinking companies who have invested have seen attractive returns. So much so, in fact, that the Department of Work and Pensions quotes an average ROI of £2.50 for every pound spent on wellness. But business is tough these days and non-essential expenditure is being held back for more certain times.
Think about employee wellness and you may well imagine expensive initiatives such as on-site massage, personal trainers and health fairs haemorrhaging cash. It has never been more important, however, to look after the people we will need to face the myriad challenges of this downturn – and bring us round the corner when things pick up again.