Investment trends in employee wellbeing
Despite the economic slowdown and HR budgets coming under ever closer scrutiny, employers continue to invest in their wellbeing provision.
In fact, 76% of HR and Reward professionals expect their organisation’s investment in wellbeing to increase over the next 12 months, and more than a quarter (28%) report that investment will rise by more than 20%.
As in 2021, wellbeing is the area of HR most likely to receive increased investment in 2023 and into 2024, ahead of areas such as diversity and inclusion, employee engagement and recognition. While there is of course a strong overlap between many of these areas, the research certainly demonstrates the importance that employers (and business leaders) are attaching to wellbeing.
However, while employers are evidently committed to protecting and enhancing employee wellbeing, the research reveals a sense of uncertainty about the best way to achieve positive results. HR and Reward professionals point to difficulties keeping pace with constantly changing employee needs and more than half (62%) of HR and Reward professionals admit that they struggle to know what to prioritise within their wellbeing strategy.
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