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Employee Benefits Magazine - EXCLUSIVE: 81% say supporting mental wellbeing is good for business

Over four-fifths (81%) of employers believe it’s good for business to look after the mental wellbeing of its workforce, according to research by Group Risk Development (GRiD).

Its survey of 500 HR decision-makers, published May 2020, also found that over three-quarters (78%) of employers believe offering physical wellbeing benefits to its employees has a positive impact on business. A further 77% or respondents believe it’s also good to look after the financial wellbeing of employees, while 73% believe it’s important to look after their social wellbeing.

Additionally, just under half (48%) feel that supporting employee wellbeing demonstrates care for employees, producing loyalty and engagement. 41% cited an increase in productivity a positive outcome, while 40% said it can decrease the number and length of absences.

Furthermore, just over a third (38%) believe that it is integral to improve employee culture, while over one in four (28%) helps them to differentiate them from competitors, helping recruitment and retention.

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A STAKE IN POLICY

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