The commitment to well-being is a challenge for global business leaders, who see workplace well-being as one of the most pressing challenges to their future growth and profitability. Well-being is increasingly considered a core focus for companies to unlock value across workforces and supply chains.
Corporate well-being programmes are increasingly designed with a holistic view in mind as managers seek to balance risk management issues with cost containment, and revenues with sustainability and quality-of-life.
Knowledge of which strategies will work for your organisation can be surfaced with rigorous auditing of the workforce and supply chain. The processes of engaging your employees and measuring your success is however equally important in moving sustainability efforts beyond compliance. These questions matter as the corporate use of these programmes continues to expand, with especially robust growth among mid-sized businesses.
Through systematic well-being efforts companies such as Timberland, Mars and Vodafone are realising higher quality, lower absenteeism and higher productivity as well as receiving positive global PR for their efforts. Well-being really does impact the bottom line, but also with the consumer awakening in recent years, positive corporate responsibility is now hugely significant for corporate reputations. Awards have recently gone to multinationals like Unilever and American Express – each a member of the World Economic Forum Workplace Well-being Alliance, born at Davos.