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Evolvingworkplacewellbeing
WorkplaceHealth&Wealth
DAMIAN STANCOMBEPARTNER AND HEAD OF WORKPLACE HEALTH
AND WEALTH
EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ThecosttoUKplc
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AbsenceSickdayscostUKbusiness£29 billion a year (ONS)
Averagecostofabsenceis£975 per employee (CBI)
Foranorganisationemploying1,000livesthismeansanestimatedcostofalmost£1 million onaverageperyear
EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ThecosttoUKplc
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PresenteeismPresenteeism hasbeenspeculatedtocostUKbusiness£15 billion (CIPD)
TurnoverReplacinganemployeecosts£30,000 onaverage(OxfordEconomics)
Estimatedoverallcostsofthese3factors:£1.5 million - £2 million peryearfora1,000personworkforce
EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ThecosttoUKplc
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Effectonproductivityismuchgreaterasemployeesstrugglewithdebtandmentalandphysicalconsequences:
Averagehouseholdunsecureddebthasincreasedby42% since2015.Nowstandsat £13,520 (Aviva)
Britain’spoor productivity has left a gap of 16% withtheother6membersoftheG7groupofindustrialnations(ONS)
£
An old philosophy meets the modern needs of the workplace
“Human Flourishing”
Ourphilosophy- Eudaimonia
Happiness- Agoodproxyforwellbeing
Happystaff- Productiveworkplace
EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
Health
ProtectionFinancial Security
My JobWork/Life Balance
Support
Sixpillarsofworkplacewellbeing
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ACDCprocess- Analytics
Analyse
survey
data
forecast
Consult Deliver Check
Corporate focus
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
InteractiveonlineBWell dashboard
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
InteractiveonlineGEManalysis
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ACDCprocess– Consultinganddelivery
Analyse
survey
data
forecast
Consult Deliver Check
Member focus
strategy
prevention
intervention
communicate/educate
engage
technology
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
Me2– Engagementplatform
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
Drumroll
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EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
ACDCprocess– Check
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Analyse
survey
data
forecast
Consult Deliver Check
Corporate focus
strategy
prevention
intervention
communicate/educate
engage
technology
monitor
track ROI
evolve
Technologyappliedtoanageoldphilosophytobringtogetherthe
needsofcorporatesandmembersforworkplace
happiness
Questions?
EVOLVING WORKPLACE WELLBEING: WORKPLACEHEALTHANDWEALTH
Regulatoryinformation
• Theinformationinthispresentationisbasedonourunderstandingofcurrenttaxationlaw,proposedlegislationandHMRevenue&Customspractice,whichmaybesubjecttofuturevariation.
• Thispresentationisnotintendedtoprovideandmustnotbeconstruedasregulatedinvestmentadvice.Returnsarenotguaranteedandthevalueofinvestmentsmaygodownaswellasup.
• BarnettWaddinghamLLPisalimitedliabilitypartnershipregisteredinEnglandandWales.RegisteredNumberOC307678.RegisteredOffice:CheapsideHouse,138Cheapside,London,EC2V6BW
• BarnettWaddinghamLLPisauthorisedandregulatedbytheFinancialConductAuthorityandislicensedbytheInstituteandFacultyofActuariesforarangeofinvestmentbusinessactivities.
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