Video tutorial: Mercer's Wolfgang Seidl explains why a consolidated approach to wellbeing is vital
Speaking at the Employee Wellbeing Congress 2018 he said the company had identified eight dimensions of wellbeing and said that companies had to combine the elements of all – from mental to physical to financial wellbeing.
“if you don’t use an integrated approach to health and wellbeing you run the risk of doing something called squeezing the balloon phenomenon – you focus on absence and you get more presenteeism for instance,” he said. “Our plea is for a strategic approach,” he said.
He claimed that the ROI showed such companies could claw back up to 10 working days of productivity as a result.
Jenni Kirkwood, investment consultant at Mercer, said that employees were spending on average 10 hours per week at work worrying about money and said that half of British adults with financial difficulties also had a mental health problem – showing the importance of dealing with both issues at the same time.
“We believe only a data-driven and insights-driven strategy will ultimately pay off,” said Dr Seidl.
This video was recorded at the Employee Wellbeing Congress 2018, held in London on 5 July.
