Trends 2018 - Engagement and Employee Wellbeing
The new year is a time for people to think about improving their health, career and lifestyle. Businesses too are busy crafting and communicating strategies on how to stay fit for the future.
It’s the perfect opportunity to see what 2018 has in store— for business, engagement and employee wellbeing.
Here are our top trends:
Advancement of mental health programs:
Today, poor psychological health looms over the modern workforce. One UK report suggests up to 84 per cent of employees experienced poor mental health with work as a contributing factor.
In Australia, mental illness costs our economy $200 billion a year. So, don’t be surprised if the stigma of addressing mental health issues in the workplace finally shatters in 2018.
And AI may play a part in optimising the roll-out of relevant mental wellbeing programs. In fact, some companies already use ‘chat bots’ to respond to HR queries. Expect AI software to be used in collecting and analysing large amounts of data needed to create and implement effective mental health programs.
Investment in tailored wellbeing:
A recent UK report showed 52 per cent of respondents would choose an employer with an excellent wellbeing offer over one who pays better, proving it’s a significant concern.
But in this competitive market, just having a program won’t suffice. The point of difference rests on personalisation since one person’s fitness goals aren’t always the same as another’s. In WorkSafe Victoria’s guide for producing a holistic wellbeing program, one of the steps is identifying actual health issues among employees—so relevance is critical.
We may also see the rise of wellness portals, as more employers look to improve their workforce’s health not just to attract and retain talent, but also to increase employee engagement.
Demise of engagement surveys:
Engagement surveys have bred an obsession with scores versus actual engagement. If you aim to create an environment where employees are happy and flourish, why wait for the annual survey to find out what to do?
The pulse survey approach is better, as this gives you snapshots of how your workforce is doing at different periods throughout the year. And, if you’re conscious of staying attuned to the two trends mentioned above, WorkScore’s real-time insights on wellness, mindset and engagement provides a sensible alternative to the engagement survey.
Rise of the ‘gig economy’:
People are finding fulfilment and balance through the growing gig economy. This latest development, characterised by an increase in part-time and temporary work, reflects the desire of many to find satisfaction beyond their nine-to-fives.
So, forward-thinking employers should prepare to give what 74 per cent of Australian workers want—purpose. It may come from their work with you or through a side-hustle. Purpose might even rest in fulfilling family responsibilities, which with our ageing population, isn’t just limited to caring for children.
Flexibility may be the way to ride the tide. It’s a solution that respects employees’ desire to find fulfilment while retaining the talent you need.
“Intelligence is the ability to adapt to change.”
Make the smart move and see how you may need to adapt to these trends and stay current in the ever-changing business environment.