Two in five businesses have either cut or maintained workplace wellbeing budgets despite growing pressures on their staff, according to a new report. Faced with stressors such as the cost-of-living crisis, political uncertainty, and the ‘return to work’ post-Covid, just 16 percent of directors and risk practitioners said their wellbeing budgets had seen a significant increase. Around 40 percent of businesses had increased their budgets slightly to tackle issues such as mental, physical, financial health, organisational vision, values, culture and working standards, according to the poll by Deloitte, the International Institute of Risk and Safety Management (IIRSM) and the Institute of Directors (IoD). More →

A new report from Gallup, sponsored by Workhuman, claims that a set of wellbeing measures can help mitigate a $322 billion cost of employee turnover and lost productivity worldwide. The report- Amplifying Wellbeing at Work and Beyond Through the Power of Recognition, claims to identify connections between employee wellbeing and overall company growth and success. The study of more than 12,000 employees across 12 countries claims that when employees are recognised at work, they are up to 10 times as likely to strongly agree that they ‘belong’ at the organisation. Employees who lack a strong sense of belonging are up to twelve times as likely to be disengaged and five times as likely to be looking for another job. More →

People working in contact centre roles say that work-related poor mental wellbeing is making them less productive, including answering fewer calls and taking more sick days – costing the industry over £990m in lost productivity every year. That’s according to a new study, Duty of Care Gap [registration] from MaxContact. The contact centres industry is a huge contributor to the UK economy, employing over 800,000 people across the country. Yet the industry is facing a mental health crisis, with 83 percent workers saying their work is taking a toll on their mental wellbeing, with staff reporting high stress levels (62 percent), anxiety (48 percent) and feeling overwhelmed (46 percent). More →