WTW launches employee well being indicator
Employers will be able to gain insights into the effectiveness of their employee health and wellbeing programs, through a new index launched
today by leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW).
While companies are investing heavily in wellbeing in their workplaces, employee engagement with these programs remains low. Lesley Brown,
Asia Pacific Leader, Employee Surveys and Insights at Willis Towers Watson said: “We saw the need for a tool that would help companies build
employee wellbeing and reduce risk, as well as measure and benchmark improvements in workforce productivity. We have developed our Employee
Wellbeing Indicator to support this.”
The tool measures the current wellbeing of employees in physical, psychological, social and financial terms and identifies the areas of
concern that will affect productivity.
The Global Benefits Attitudes Study, released earlier this year, shows that 50% of Australian employees with current financial concerns
indicated that their worries keep them from doing their best at work. Globally, one in four employees have health issues, are worried about
their finances, plan to work into their 70s and are disengaged.
A further Willis Towers Watson survey, the Asia-Pacific Benefits Trends report revealed that employees were expecting further benefits from
their organisations in the health and wellness space. It found 74% of employers were considering behavioural or emotional health management
programs, while 55% were looking at activity-based wellbeing programs and 50% of employers identified lifestyle risk management as their key
area of investment. The missing link was for employers to gauge the efficacy and return on investment of such programs.
The Employee Wellbeing Indicator is designed to help companies identify areas of strength and high performance, pinpoint where they need to
focus to build employee wellbeing, productivity and overall business performance and track progress over time.
Brown added: “We are looking to go beyond traditional health programs and employee engagement surveys. This is an integrated solution that
uses consumer-grade software, underpinned by robust research methodologies. Individual company results will also be benchmarked against
Australia’s most comprehensive national norm.
“The Global Benefits Attitudes Study showed that employers need to look at programs that leverage the workplace environment and promote the
use of new technologies. These are both strongly linked to more positive attitudes by employees about their company’s wellbeing efforts and
to health management.”
The 2018 survey window for employers to participate in the Employee Wellbeing Indicator starts 22 October and runs until 14 December.