Moving beyond healthy employees to a healthy organisation
Organisations that shift from providing employee wellbeing benefits to creating a "healthy" organisation significantly outperform others, new research shows.
According to research by The Josh Bersin Company, a "healthy" organisation is one that focuses on job and work design, management, rewards practices, psychological safety and fairness, and a culture of listening to employees.
This leads to significant business benefits: healthy organisations are 2.2 times more likely to exceed financial targets, 2.8 times more likely to adapt well to change, and 3.2 times more likely to retain employees, as well as see dramatic drops in absenteeism and health insurance claims.
"Our research clearly shows that merely investing more dollars into wellbeing-related benefits isn't enough," says CEO Josh Bersin.
"In order to attract and retain talent and sustain financial success, the time is now for companies to embrace a corporate-wide focus on organisational health at all levels...