Wellbeing (noun) Definition: A good or satisfactory condition of existence; a state characterised by health, happiness, and prosperity.

At Tusker, we know that employee happiness and wellbeing are directly linked to the benefits they receive. Research continuously demonstrates that employees who feel valued and happy at work are more productive and effective in their roles. Additionally, organisations that provide appropriate benefits to support employee wellbeing are more likely to foster engaged and high-performing teams.

In today’s fast-paced, competitive corporate world, prioritising employee wellbeing is no longer a perk, but a necessity.

Why employee wellbeing matters

Employee wellbeing goes beyond physical health, it also includes mental, emotional, and financial wellness. Employers who invest in the wellbeing of their workforce not only meet their Duty of Care obligations but also create a positive workplace culture. This results in higher retention levels and enhanced productivity.

For example, 2024 Gallup research indicates that 69% of employees are less likely to search for a new job if they believe that their employer cares about their overall wellbeing. The report also recognises the need for benefits packages to address unprecedented employee stress levels, with 43% of global employees feeling stressed at work daily. This causes burnout, decreased engagement, and higher absenteeism, highlighting how great wellbeing and benefits are not just good for employees; they are good for business.

The role of benefits in employee wellbeing

Tangible benefits, especially those with high (perceived) value, can significantly boost employee morale and fulfilment. A brand-new car, for example, is more than just a mode of transport, it is a symbol of appreciation, recognition and support from an employer.

Tusker’s car benefit schemes not only signify support and recognition to employees, elevating job satisfaction and motivation by up to 45%, but they also host several other perks that boost workplace wellbeing and engagement levels.

One benefit of the scheme to employee wellbeing is financial peace of mind. Employees don’t need to worry about car loans, credit checks or deposits. A fixed monthly reduction from their salary covers it all- insurance, tyres, VED, servicing, and even breakdown cover.

Additionally, sustainable benefits have become vital to the wellbeing of a large proportion of employees in recent years, particularly Gen Z and Millennials. Deloitte research found that 20% of these age groups have left roles that don’t align with their environmental values, while another quarter plan to do the same in the future. Offering environmentally conscious benefits, like EV schemes, helps promote a sustainable culture that aligns with employee’s values. As an added benefit, it also supports corporate social responsibility (CSR) goals.

What employers are saying

Employers who’ve implemented Tusker’s car benefit schemes have seen the monumental impact this benefit has had on their employee wellbeing.

Niall Silvestro, Travel and Benefits Officer at Aberdeenshire Council:

“I think the biggest [reason] for us [to offer the scheme] is it’s providing access to employees brand new vehicles essentially. They’re safe, they’re reliable. We feel it helps us meet our duty of care obligations, but it also has a kind of positive impact in [the employee’s] work / life balance too. So that’s really an important factor for us in providing this scheme.”

Liane Richardson, HR Director, Thakeham:

“One employee was struggling financially and came to us to ask for a loan. They were having problems with their car and thought they could never afford a new car. But when we showed them how the salary sacrifice scheme worked — with no upfront fees and a fixed monthly cost covering everything — they realised they could absolutely afford it and having a reliable car took a massive worry off their plate.”

“Some people are on to their second vehicles now, which shows that they’re happy with how it’s working,” Liane says. “It’s a good sign when people are willing to renew.”

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