Why health & happiness is vital for employee experience

A recent report from Thomsons Online Benefits has found that firms are moving away from traditional reward strategies in an effort to create the best possible experiences for employees, to enrich their lives and positively impact their wellbeing.

The Global Employee Benefits Watch 2017/18 has highlighted that businesses who have a organisations with a longer-standing, transformational approach to benefits are far more likely to achieve this, being 60% more likely to have employee wellbeing initiatives in place.

Organisations which deploy global benefits are four times more likely to be effective in attracting and retaining their talent if they have a global benefits strategy in place – according to research from SaaS.

“Global economies are becoming more fluid, and this evolution is driving fundamental shifts in the employer-employee relationship,” added, Matthew Gregson, SVP Data and Analytics at Thomsons Online Benefits. “Employees’ time horizons are shortening, both personally and professionally, meaning they are looking for an employer that will make their day-to-day lives better, which necessitates HR teams to spend more time on the experiential, which drives culture, engagement and wellbeing. They will only be able to do this consistently when they have the technology to make this happen.