Employee Benefits poll: As the impact of the Coronavirus (Covid-19) pandemic continues to reverberate across the workforce, three in five employers are not monitoring the impact of their wellbeing initiatives on staff productivity, retention, and engagement.
According to Employee Benefits’s latest straw poll, 61% of organisations do not measure how their wellbeing strategies are affecting their staff. Of the 39% of employers that do, just under a quarter (22%) said they had a positive and equal effect on productivity, retention, and engagement.
Another 13% estimate that employee productivity had been the greatest beneficiary of their wellbeing strategy. However, the impact of wellbeing initiatives on retention was minimal, according to the poll, with just 4% of respondents saying it had delivered the most impact on staff retention levels, over and above productivity and engagement.
More worryingly, employee engagement appears to be the Cinderella of the piece, with none of the respondents reporting that their wellbeing strategies had improved employee engagement more than it had improved productivity and retention.
Benefits experts recently warned that as employees continue to struggle under the emotional, physical and financial strains created by the Coronavirus (Covid-19) pandemic, monitoring staff wellbeing is more important than ever before.