Are employee wellness perks undervalued?

-

Are workplace wellbeing perks undervalued?

Research carried out by Perkbox has uncovered UK employers’ most promoted perks to attract young working professionals. When it comes to wellbeing perks, the results are quite surprising, and not in the most favourable light.

Through the analysis of 8,700 job advertisements in the country over the last year, the research has found that the perks most promoted by employers primarily to help combat stress issues, are zero to none. Only 18 per cent of employers advertised free or subsidised gym membership on their job specs.

Further, just one per cent used yoga classes as a perk to attract candidates and none at all considered meditation as something valuable enough to add. Other employee wellness perks such as CiC programmes did not get a mention either, signalling, at the very least, a lack of awareness around their existence and/or the value they represent to employees.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Workplace stress affects most of our workforce in the UK and worldwide, with one of the largest known UK studies of stress levels reporting that 74 per cent of people have felt so stressed that they have been overwhelmed or unable to cope. These findings may therefore be revealing the root cause of a serious problem – might wellness perks be undervalued?

If so, this could be an issue worth its weight. Stress left untreated can lead to chronic stress or burnout. Both of these have many physical and mental health implications – which might even help explain why private healthcare, appears to be promoted by so many employers in the job advertisements studied in this research (28 per cent).

What’s more, based on a separate survey of 7,400 employees also undertaken by Perkbox and TalentPool, behavioural trends of our youngest workforce members point towards similarly worrying trends. These include ranking ‘ambition’ over the basic principle of having an employee ‘voice’.
The absence of this can easily spiral into a cycle of unpleasant stress and burnout. Forty-seven per cent of respondents said ‘career progression and promotion prospects’ come before ‘having a say in what they work on and how they work’ (12per cent).

Chieu Cao, Co-founder of Perkbox, said,

We’re becoming more open and aware about the seriousness of mental wellbeing challenges in the workplace and the seriousness attached to them, yet this is in no way reflected on the perks we’re offering as employers, or in the behavioural trends we see from employees. Something is clearly wrong and needs fixing.

Ultimately, the ‘preventative’ side of our well-being as individuals is being underestimated. We must remember that far beyond being employees and employers, we are all human beings and must look after ourselves. Let’s take the time to reflect on this and raise awareness.

Sophie Hudson, Head of Marketing at TalentPool, said,

Although it’s great to see that awareness around mental health is increasing – there is still a long way to go before the stigma is completely removed. We have reached the stage now though where employers can no longer afford to ignore the serious impact of poor mental health on their business.

We need to start an open dialogue in the workplace around mental wellbeing and reflect this in our offering to both prospective and existing employees. Instead of heading to the pub for your team social, start investing in wellness perks (such as exercise or meditation classes), which will pay off in the long run when you have a team with increased productivity, motivation and morale.

Interested in wellbeing? We recommend the Workplace Wellbeing and Stress Forum 2019.

Aphrodite is a creative writer and editor specialising in publishing and communications. She is passionate about undertaking projects in diverse sectors. She has written and edited copy for media as varied as social enterprise, art, fashion and education. She is at her most happy owning a project from its very conception, focusing on the client and project research in the first instance, and working closely with CEOs and Directors throughout the consultation process. Much of her work has focused on rebranding; messaging and tone of voice is one of her expertise, as is a distinctively unique writing style in my most of her creative projects. Her work is always driven by the versatility of language to galvanise image and to change perception, as it is by inspiring and being inspired by the wondrous diversity of people with whom paths she crosses cross!

Aphrodite has had a variety of high profile industry clients as a freelancer, and previously worked for a number of years as an Editor and Journalist for Prospects.ac.uk.

Aphrodite is also a professional painter.

Latest news

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Expat jobs ‘fail early as costs hit $79,000 per worker’

International assignments are ending early due to family strain, isolation and poor preparation, as rising costs increase pressure on employers.
- Advertisement -

The Great Employer Divide: What the evidence shows about employers that back parents and carers — and those that don’t

Understand the growing divide between organisations that effectively support working parents and carers — and those that don’t. This session shows how to turn employee experience data into a clear business case, linking care-related pressures to performance, retention and workforce stability.

Scott Mills exit puts spotlight on risk of ‘news vacuum’ in high-profile dismissals

Sudden departure of a long-serving BBC presenter raises questions about how employers manage high-profile dismissals and limit speculation.

Must read

Ian Dowd: Brexit impact on UK legislation and the HR function

The referendum on the UK membership of the European Union is just around the corner. With it comes the possibility of a future where Britain gets to change and revisit some of the employment legislation currently decided upon by the EU. While it is hard to predict which laws the Government would include in such a review, there are a few obvious candidates that have been a thorn in the flesh of British businesses for a while now.

R Swaminathan: Maximising HR analytics to ensure a competitive advantage

In a dynamic world, human capital is arguably the most sustainable source of competitive differentiation and value creation. The role of HR is central to ensuring businesses are tapping into the vast potential of human capital, and interestingly, blending it with automation and digitization in unique ways.
- Advertisement -

You might also likeRELATED
Recommended to you