Singapore Employers to Focus on More “Scalable” Solutions for Employee Wellness in 2019
To improve productivity at work and enhance the happiness of their staff, an employer needs to focus on the right kind of employee wellness solutions that will bring about the biggest benefit.
The right employee wellness solutions will make all the difference. To determine what their employees need, a company needs to do a thorough assessment of their needs. Only then will an employer be able to determine the right solutions needed moving forward.
With price points being a top concern of SMEs, the focus this year is expected to be on scalability rather than customisable or personalised employee wellness solutions. This is because the latter will cost more. However, larger organisations are a different story, since they have the resources needed to focus on flexibility and customisation.
The Trending Areas That Employers Are Projected to Focus on This Year
When employees are taken care of, their performance naturally improves. Therefore, companies, need to put some serious thought into focusing their efforts investing in wellness programmes and solutions which are scalable. Among the trending areas that employers are projected to focus on this year include:
- Providing Staff with More Educational Resources – Granting an employee access to more educational resources has two benefits. First, the employee gains insight into what they need to do to improve their health. Particularly when they are given the information they need to address mental health concerns. Second, they gain the information they need to improve their finances. Since these resources are often either free or low cost and abundantly available, making educational resources a part of the company’s employee wellness programmes is going to benefit both the company and the employee in the long run.
- Availability of Wellness Tools Online – Available wellness tools to address concerns regarding mental health is also a scalable employee wellness trend that is expected to dominate this year. There is already a growing popularity among mindfulness apps. Calm and Headspace are among the current popular online tools used to promote mental health care by encouraging meditation. An affordable investment, employers can consider subsidising the cost of these apps to make them more accessible for the employees who need this service as part of their employee wellness program.
- A Growing Trend in Financial Wellness – Another scalability trend that is expected to dominate this year’s employee wellness programs is a growing investment by employers towards tool which will help their employees’ management their financial wellness. Financial health is another area of concern for many employees. Therefore, to attract and retain the needed talent, this is an area that needs to be focused on.
Happy Employees Are More Productive
It is also expected that physical wellness is an area that is going to be focused on less this year. Physical wellness is expected to take a back seat as fewer employers are expected to invest in resources which relate to health and fitness. This, despite the importance of keeping employees as healthy as possible. Employees who are healthy not only perform better, but they are also less likely to call in sick. Happy employees are more productive, yet health and fitness resources are unlikely to be a dominant concern for employee wellness programs.