The Skills Consulting Group Work Wellbeing Index survey of more than 1,800 New Zealand workers reveals 55% of workers who aren't offered a wellbeing programme in their workplace say they are likely to look for a new job within the next year. "Businesses need to sit up and come to grips with the impact of what not having a wellbeing strategy could do to their bottom line," says Jane Kennelly, Skills Consulting Group General Manager, Wellbeing. "The cost of recruitment and training new staff can be significant."
It is "Ok-nomics coming home to roost," says Jane. "This is a concept that reinforces if staff 'are OK' and feel valued, rewarded, and listened to, they will create a culture of success. Staff who don't will have the opposite effect. Ignoring this principle could seriously cost your business." The report outlines the key drivers that can support the development of a wellbeing culture, including showing genuine care, enabling the care of self and team wellbeing, managers showing genuine care, and formal wellbeing programmes. Businesses with a Diversity, Equity and Inclusion programme also have higher levels of wellbeing within their workforce.
