Thursday, March 21, 2019 | ePaper

Companies increasing focus on employees’ emotional, financial health

The study concluded that this year over 80 per cent of the organisations have taken at least one action in health risks or condition management, weight management, physical activity and nutrition and managing employee stress and mental health

  • Print


Weekend Plus Desk :
To increase productivity, more and more companies in India are beginning to take a holistic view of their employees’ health and wellness, which also includes emotional and financial well-being, a study said. The India Health and Well-Being Study 2018 by Willis Towers Watson found that this year over 80 per cent of the organisations have taken at least one action in health risks or condition management, weight management, physical activity and nutrition and managing employee stress and mental health.
While 61 per cent have taken at least one action to improve the financial well-being of employees in 2018, it is a concern that almost half of the surveyed organisations still do not have a formally articulated health and well-being strategy, it said. The study was conducted by the global advisory, broking and solutions company during June to August 2018 and polled over 100 organisations and senior human resource leaders from multiple sectors.
A majority 66 percent of employers have already taken, or will take steps in the next three years to develop a mental health strategy, the survey said, adding 59 per cent are planning to offer programmes to support chronic behavioural health conditions, which is currently offered by only 8 per cent of employers.
Similarly, 63 per cent already have or are developing a strategy to improve financial well-being and 13 per cent are considering it in three years’ time. Towards this, 50 per cent companies are planning to deliver customised or personalised messages to help improve financial planning as compared to only 6 percent at present.
Willis Towers Watson head of India Rohit Jain said while it is encouraging to observe this increased focus on employee health and wellness, firms must develop a coherent and holistic health and wellness strategy encompassing all four aspects physical, emotional, financial and family - to translate this into all round well-being, enhanced productivity and ultimately improved financial performance.
The number of employers recognising the role of family in the overall well-being of an employee and in turn their productivity is noteworthy, he said.
Some of the initiatives include inviting family members to participate in various programmes and activities (27 per cent) organised by firms, focusing communication to reach or involve family members (24 per cent) and redesigning employee assistance programmes to better address emotional and financial well-being for employees and dependents (44 per cent), according to the study.

More News For this Category

Bhutan in off-season

Bhutan in off-season

Akhil Sharma :here is only one traffic light in Bhutan. It is at the top of the main road in Thimphu, the country's capital. A policeman in a tight

From Aloo Parantha to Japanese Sticky Rice: Easy gluten-free recipes

From Aloo Parantha to Japanese Sticky Rice: Easy gluten-free recipes

Ingredients :Gluten-free chapati flour - 1 cup+1/3 cupWater to help you knead the doughSalt to tasteOnion - 1/2 super finely chopped.Green chillies - 2-3 finely (chopped)Green coriander - 10

Let others also live

Let others also live

Weekend Plus Desk :Onnojibon, a book based on articles, written by prominent Journalist Jamaluddin Jamal, was published recently by Nayaprobaho Prokashoni. In this book the author reflected the plights

Blood holds key to liver regeneration

Blood holds key to liver regeneration

Weekend Plus Desk :he liver is the only organ in the body that can regenerate. A recent study shows that the blood-clotting protein fibrinogen may hold the key as

Great leader

Great leader

    -Mohammad Mamun Mia Breaking the shackles of subjection We earned our emancipation The Bengali nation has not bowed down to the usurper Has no question to surrender Due

Sufi Literature Wakil Ahmed

ufi Literature, a distinctive stream of medieval Bangla literature, was inspired by Sufism. Sufi saints started coming to Bangladesh from Arabia and Iran in the mid-eleventh century. After Bakhtiyar

 Jules Verne: Life and writings

Jules Verne: Life and writings

Literature Desk :ules Verne (1828-1905) is frequently called the ‘father of science fiction.’ Among all writers, only Agatha Christie’s works have been translated more. Verne wrote numerous plays, essays,

Exposure to secondhand smoke can increase risk of kidney disease

Exposure to secondhand smoke can increase risk of kidney disease

Weekend Plus Desk :he perils of passive smoking need no retelling. However, according to a report quoted in The New York Times, being exposed to secondhand smoke can also

Ways to rebuild a relationship

Ways to rebuild a relationship

Weekend Plus Desk :ay be, we all know how a relationship crumbles when one partner breaks the trust of the other because trust is that solid rock upon which

Can you tell if your  child is lying?

Can you tell if your child is lying?

Weekend Plus Desk :hildren start lying as early as two years old and they’re really good at it, developmental researcher Kang Lee tells us in this Ted Talk. Having