i4cp Study: Leading Organizations Look Beyond Physical Health to Ensure Holistic Well-Being of Employees (i4cp login required)

Productivity

High-performance
organization embrace a holistic, “whole person” approach to employee
well-being, widening focus beyond physical and mental health to a bigger, more
inclusive picture.

New
research from the Institute for Corporate Productivity (i4cp) and Rob Cross,
professor at Babson College, shows that these leading organizations look holistically
at a combined six key elements that combine to define well-being: 

  • Physical Health 
  • Emotional/Mental Health 
  • Financial
  • Community
  • Career
  • Social/Relational

Employee
well-being has taken center stage since the coronavirus pandemic has strained every
facet of life and work. As trying as this time is and will continue to be,
i4cp’s research shows tremendous opportunity for employers to improve upon
existing programs—despite the massive investment in employee well-being,
most organizations don’t perceive their programs to be very effective. Fewer
than half of those surveyed gave high ratings to the effectiveness of their programs
across all six well-being elements. While 45% of high-performance organizations
report that their workers enjoy high/very high levels of well-being, just 13%
of low-performing organizations said the same. 

The
research, Next Practices in Holistic Well-Being: The Performance
Advantage
, available to download here, shows that embracing
such an approach has a demonstrable impact on performance, innovation, and
creativity. 

Companies
that have done so also report having:

  • Healthier workforces
  • Lower benefits costs
  • Better attraction and retention of talent
  • Improved productivity
  • Less absenteeism
  • Overall better financial performance

These
top performers are also 7x more likely to report increased levels of innovation
and creativity. 

Many
organizations have already made sweeping changes to their well-being programs
due to the crushing strain of the pandemic, and more changes are likely to come
in future months. Next Practices in
Holistic Well-Being
, which includes insights from Facebook, Genentech,
Nationwide, Humana, and others, examines the six elements of holistic
well-being and outlines four key areas organizations can make more powerful
differences in the year ahead. 

Download the
complimentary report now.

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