The Bupa Wellbeing at Work Award
This Award recognises businesses that position employee wellbeing and engagement as strategic boardroom issues.
Employers now cite stress and mental ill health as the number one cause of long term sickness absence, and the Organisation for Economic Co-operation and Development estimates the cost of mental ill health to the UK economy to be £70bn a year, equating to 4.5% of GDP, with a direct cost to employers of £26bn: an average of £1,035 per employee.
However, there still remains a gap between the level of importance that many companies attribute to wellbeing, and the corresponding actions they take to bring about real cultural change within their workplace. Too often, wellbeing is positioned as a benefit, rather than an investment that can drive business improvement. Improved employee wellbeing and engagement not only benefits the individual, it also builds business resilience, sustainable performance and productivity.
Those employers that are recognising the transformative power of using employee wellbeing as a driver are positioning wellbeing and engagement as a strategic boardroom issue.
The Bupa Wellbeing at Work Award identifies those organisations taking a lead in truly embedding wellbeing (both physical and mental health) into broader people and business practices, underpinned by strong cross-functional governance and reporting. The Award is one of Business in the Community’s Responsible Business Awards.
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