Employee Wellbeing Research 2018: Wellbeing spend is still rising but remains relatively low overall
Wellbeing spend rose in 2017 and is forecast to rise again in 2018 and yet spending in this area of benefits remains relatively low, according to new research.
The results of the Employee Wellbeing Research 2018 published by Reward & Employee Benefits Association (REBA) in association with Punter Southall Health & Protection showed that spend at organisations with a wellbeing strategy in place rose for 51.6% of respondents and for over a third (36.1%) of those without a strategy in place.
For 2018 spending looks set to increase more at those without a strategy (58.7%).
The results also showed that those with a strategy in place tend to invest more on wellbeing initiatives than those without.
Median spend per employee at such organisations is between £26 and £50 compared to £1 to £25 at those without. A quarter (26.4%) of those without a wellbeing strategy spend nothing on employee wellbeing whilst a similar amount (23.9%) that have a strategy spend more than £100 per employee each year.
“Whilst the fact that spending is on the rise in wellbeing is encouraging it is still relatively low when compared to other benefits,” said Debi O’Donovan, director at the Reward & Employee Benefits Association.
“This is especially true at organisations without any wellbeing strategy in place. Part of the reason could be that it’s the NHS, not employers, who generally pick up the bill when employees are sick. But employers have to recognise that there is a cost to them too – in sickness absence, productivity and so on. This could be better tackled by investing more in wellbeing,” she said.
Read the next article
- Benefits Technology
- Business mobility
- Bonus & Pay Sponsored by 3R Strategy
- Company Cars
- Employee Engagement Sponsored by Aon Employee Benefits
- Employee Share Plans
- Financial Wellness Sponsored by Salary Finance
- Flexible Benefits
- Group Risk Insurance Sponsored by Aviva
- Health & Wellbeing Sponsored by Health Shield
- International Benefits
- Reward/benefits strategy
- Staff Motivation
- Tax Efficient Benefits
- Total Reward
- Voluntary Benefits
- Workplace Pensions Sponsored by NEST
- Future Predictions
- Workforce Demographics
- For SME employers Sponsored by Busy Bees Benefits
- Research reports
- REBA news round-up
- REBA professional members
- REBA news
- REBA training
Sign up for REBA Professional Membership and join our community
Professional Membership benefits include receiving the REBA regular email alert, gaining access to free research and free opportunities to attend specialist conferences.
Professional Membership is currently complimentary for qualifying reward and benefits practitioners.Join REBA today