How are organisations progressing towards their wellbeing goals?
Most HR and Reward professionals feel that their organisations have improved their wellbeing provision over the last year, but only 29% say they have made significant progress.
For all of the focus and investment that has been directed towards wellbeing initiatives in recent years, very few organisations have achieved a ‘progressive’ level of maturity within their wellbeing provision. The proportion of employers at this level now stands at 12%, compared with 17% in 2021.
More organisations are now operating at a ‘basic’ or ‘foundational’ level of maturity when it comes to wellbeing provision than they were two years ago. Significantly, global employers with more than 1,000 employees are more sophisticated in their wellbeing provision. Within these organisations, 20% of HR and Reward professionals claim that their wellbeing provision is at a progressive level, and 25% state that it is at an advanced level.
Rather than going backwards, these findings reflect the fact that wellbeing provision has become far more complex over recent years, as employee needs and expectations have evolved at speed. Wellbeing has become a hugely dynamic area, incorporating an ever-expanding range of services and solutions. And therefore, what was considered good in 2021 or even a year ago, may no longer be fit for purpose in 2023.
