Deloitte’s latest Human Capital Trends report for 2018 details what companies around the world are doing to increase their employee’s well-being.
Over 11,000 executives from 124 countries participated in the global survey, including 354 South African business and HR leaders.
“As the line between work and life blurs further, employees are demanding that organisations expand their benefits offerings to include a wide range of programmes for physical, mental, financial, and spiritual health,” Deloitte said.
“In response, employers are investing in well-being programmes as both a societal responsibility and a talent strategy.”
Deloitte found that over 50% of global survey respondents view a variety of such programmes as “valuable” or “highly valuable” to employees, but big gaps remain between what employees value and what companies are delivering.
Looking at South Africa, Deloitte found that the majority of respondents state that the employee wellness/work-life programmes currently in place in their organisation include:
- wellness counselling
- in-office wellness services (such as chair massages, health fairs and health screenings)
- employee assistance programmes
- mental health counselling
- flexible work schedules
- group wellness or fitness activities
68% percent of respondents felt that employee well-being programmes promote employee productivity or improve bottom line results and 59% feel that well-being programmes support employee retention.
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Deloitte also found that 16% of respondents’ organisations are not working on any well-being programme, while only 4% offer extensive well-being programmes and actively analyse the impact on productivity and efficiency.
“The results indicate that most well-being programmes are isolated in nature and not ongoing,” it said.
“In order to be beneficial and sustainable over the long term, a more holistic strategy and approach is required based on research of successful programmes locally worldwide.
“Well designed and executed well-being programmes have the potential of significant improvements in employee engagement and productivity,” Deloitte said.