The CIPD has created helpful guidance for HR practitioners and employers of all sizes and sectors on how to support their employees’ financial wellbeing. The guide includes 5 critical steps to developing an effective financial wellbeing policy, this being the area that the CIPD’s 2022 health and wellbeing survey found was the most neglected aspect of employee health and wellbeing activity.
A blog on the Health and Safety Executive’s Work Right campaign website unpicks the difference between risk assessments on an individual versus organisational level and the impact employers can have by taking a rounded approach.
“How can C-suite leaders improve both their employees’ and their own wellbeing?” Deloitte partnered with Workplace Intelligence to find out. They carried out research across 4 countries, including the UK, to understand the issues and trends better. Their findings reveal important disconnects regarding perceptions, including that while only 56% of employees think their leadership care about their wellbeing, 91% of the C-suite believe their employees feel their leaders care about them. In their report, Deloitte look at where health-savvy C-suiters should begin.
The 6-month UK pilot project across a variety of sectors ended last December. It was run on the model that workers get 100% of salary for 80% of their previous working hours in exchange for a commitment to maintain 100% of their productivity. The results have been very favourable with over 90% of participating businesses opting to continue with the 4-day week. Perhaps unsurprisingly, reductions in the percentage of sick days taken and reported levels of burnout were noted in the results.