Listen: Employee health = business wealth

Businesses could stimulate the English economy by up to £61 billion by 2025 if they proactively develop new wellbeing strategies and improve underperforming ones, according to new study by Westfield Health released today.

Companies across the world have seen dramatic changes to their normal work patterns and practices since the start of the pandemic and new report ‘Coping after Covid’ states that strategic wellbeing plans could add billions to the UK economy.  This includes adding £13bn to the Northern economy, to help bridge the North–South divide.

Reassuringly, 94% of businesses with a pre-existing wellbeing strategy say their workforce productivity levels have remained stable, but there is more to be done to make sure the 320,000 businesses with underperforming wellbeing strategies fulfill their potential, driving better productivity, happiness and wellbeing for their staff and, in turn, support economic bounce back.

Ros spoke to Richard Holmes, Director of Wellbeing at Westfield Health: