ARTICLE
27 September 2024

Employers Build Momentum On Employee Wellbeing – But There's Still A Way To Go

W
WTW

Contributor

At WTW, we provide data-driven, insight-led solutions in the areas of people, risk and capital that make your organization more resilient, motivate your workforce, and maximize performance.

We work shoulder to shoulder with you, bringing diverse points of view and a deep commitment to your success.

By challenging one another, we achieve breakthroughs because only the best ideas survive. The result? Innovative solutions that meet your needs—informed by the global view and the local understanding of our colleagues around the world.

Together, we broaden your horizon and sharpen your focus.

Transform your toughest challenges into actionable opportunities.

And set your path for sustainable success.

Employee wellbeing is increasingly central to human capital strategy, with 46% of employers expecting it to be foundational by 2027. However, gaps remain, particularly in financial wellbeing support. Employers are urged to align initiatives with employee needs for better outcomes.
United Kingdom Employment and HR

Global findings from the 2024 Wellbeing Diagnostic Survey

An in-depth, global study of how employers are approaching employee wellbeing, bringing areas of opportunity and insight to light.

About the survey
The 2024 Wellbeing Diagnostic Survey was fielded in 82 markets between March and April 2024. A total of 3,610 employers, representing over 18 million employees, responded to the survey, giving rise to an industry-leading database of employer insights on the business-critical topic of employee wellbeing.

Employee wellbeing has become a core component of human capital strategy. In recent years, employers have boosted employee perceptions of the support they provide and experienced positive effects on wellbeing outcomes.

However, there's still more to do. Our 2024 Wellbeing Diagnostic Survey provides insights on this topic. Here are a few of the key findings:

Wellbeing is here to stay

Today, 21% of employers view wellbeing as a foundational element of their human capital strategy. Looking forward to three years, this number ambitiously jumps to 46% (Figure 1).

Figure 1. Companies plan to expand their use of wellbeing as the basis for their human capital strategy

1522582a.jpg

Companies use their wellbeing to compete for talent

Employee wellbeing has become a differentiator in talent strategy and supplements key business issues such as competition for talent, approach to diversity, equity, and inclusion (DEI), and the growing mental health crisis (Figure 2).

Figure 2. Key business issues influencing wellbeing strategy

1522582b.jpg

Aligning priorities

Although employee perceptions of wellbeing initiatives offered at work have improved, employers should continue to evolve their approach and seek employee feedback to ensure alignment with needs and expectations. There is a gap between where employers are focused and where employees need more help (Figure 3). Employers are prioritizing emotional and physical wellbeing while employees are looking for more support in financial wellbeing. Employees globally highlighted financial wellbeing as an area they struggle with the most.

Figure 3. Employer priorities are misaligned with employee needs

1522582c.jpg

Employers recognize the challenges and are addressing them in a variety of ways. In the coming years, many have outlined improving communication about their wellbeing programs and creating a healthy work culture are their top priorities. At the forefront, we see a range of tactics that high-effectiveness companies are doing now – and what they plan to do in the future.

To gain further insights from our 2024 Wellbeing Diagnostic, please download a full copy of our findings using the form here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More