Being in a reliable work environment increases retention, productivity and employee wellbeing, while also promoting a better business culture, finds new research from Bupa. An examination of workplace trust and the impact on employee wellbeing reveals that over half (53 per cent) of employees considered it to be a major factor in whether they stayed or left a company. The research found that nearly a quarter of UK employees (24 per cent) have left their company due to issues around trust. Although trust is not a tangible workplace benefits, such as salary and bonuses, it is an essential variable in promoting harmony and productivity within an organisation and the study suggests how important it is within the workplace, and also the contribution it makes to the wellbeing of employees and the overall performance of a company. The study also asked employees how trust compares to other company benefits. Nearly two thirds (62 per cent) believe that trust is more important than a gym membership or company mobile, while over half value it more than a free canteen (56 per cent) and company car (55 per cent).

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Less than a quarter (23 percent) of employees feel completely informed about the values of the organisation they work for and just 19 percent of employees feel completely informed about their employer’s corporate mission claims a new survey by Reward Gateway. These statistics are even more problematic when you consider that 83 percent of employers say it’s critical to the success of their business that employees understand their mission. Recognition is one of the key drivers needed to ingrain employees with a company’s values and corporate mission, however, 40 percent of employees don’t agree that their employer recognises them when they demonstrate the values their company cares about. Furthermore, the study has found a break-down of communication and trust between employees and their employers. 81 percent of senior decision makers say that their organisation is transparent with employees about how they plan to achieve the company mission. However, only 22 percent of employees say they strongly agree that they trust their employer to communicate information openly and honestly.

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Two in five employees have pulled a sickie in the last year and half, and a million have pulled more than eight, with stress, ‘couldn’t be bothered working’ and hangovers the top reasons for absence, a new report claims. According to research conducted by Citation, 41 percent of employees confessed to pulling at least one sickie in the last year, and 18 to 24-year-olds were markedly more likely to pull a sickie than any other age group, with just under two thirds (6 percent) admitting to doing so. Just 12 percent of employees aged 65+ said they had lied about an illness in the last year. Men are twice as likely as women to pull a sickie because they are hungover, and women are almost 10 percent more likely pull a sickie because they are feeling stressed.

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Over half of employees would choose a company that cared about their wellbeing, over one that pays 10 percent more, a new survey claims. According to the research by Reward Gateway, over 22 million British workers, or seven in 10 employees (71 percent), have felt stress or financial strain in the last five years, however, a third of workers said their company currently offered no programmes and just 29 percent of respondents said that their company currently offers a physical programme. The findings also suggest a disparity of opinion between employee and employer. While over half (51 percent) of employers agree that their company shows they care about employees mental, physical and financial wellbeing, only 14 percent of employees say that their company couldn’t do more to show they care. But employers too would benefit from taking a more proactive approach to wellbeing, as more than half (52 percent) of UK employees agree that they would choose a company that cared about their wellbeing over one that pays more.

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UK employers are falling short of fully supporting mental health in the workplace, with half of UK employees say their workplace has a negative impact on their physical, mental and financial wellbeing, a new survey claims. And according to the Global Employee Benefits Watch 2017/18 from Thomsons Online Benefits of over 2,000 office workers around the world, multinational organisations are not using benefits effectively to improve employee wellbeing and provide a positive workplace experience. Almost 40 percent of employees cite improving mental wellbeing as a life goal, yet less than half of those (18 percent), feel that their benefits scheme supports this. The situation is similar for those wanting to get fit and healthy; 44 percent of employees are keen to do this, yet less than half of them (20 percent) say their employer is helping them to fulfil this ambition.

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One of the biggest concerns cited by many of those being polled on their views during the General Election campaign has been the high cost of living compared to wages. Now a new report claims that over half (55 percent) of employees are experiencing financial problems, which are affecting their behaviour, relationships and ability to perform at work. Although the nationwide study of the financial wellbeing of UK workers The DNA of Financial Wellbeing 2017 report, claims that nearly a third (32 percent) cite finance as their biggest concern; 66 percent of HR directors, think that financial worries are not of concern to their employees. The findings from Neyber, a financial wellbeing company, shows that 47 percent of workers are borrowing money to meet their basic financial needs, with 25 percent borrowing on a credit card, followed by 13 percent through a bank overdraft and 13 percent borrowing from friends and family. Meanwhile, an increase in so-called zero hour contracts means that nearly half (47 percent) of workers in the North and Midlands have an income fluctuation of more than 10 percent each month.

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The three main drivers of positive employee experiences are wellbeing, culture and engagement claims the latest State of the Industry Survey by Virgin Pulse. The report goes on to suggest that organisations that invest in these three key areas will see a measurable impact on business performance and outcomes. For example, the results revealed that 78 percent of organisations view employee wellbeing as a critical component of their business strategy; and 74 percent of employers with strategic, holistic wellbeing programs saw improvements in employee satisfaction and 65 percent saw improvements in organisational culture. In fact, 95 percent of organisations view culture as important for driving business outcomes; while 80 percent of organisations plan to improve corporate culture in the coming year. Engagement investments also have a strong impact on business results.

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