Having a resilient workforce can be the difference between a business thriving or just surviving.
Employers who build resilient workforces are more likely to have healthier employees, lower employee turnover, better brand value and higher productivity, according to Aon’s Global Wellbeing Survey 2021.
Employee wellbeing overall can have an impact on company performance, client satisfaction and profit among other factors.
But while 80% of employers agree that wellbeing is beneficial for their organisations in the long run, only 30% of employees are resilient, according to Aon’s Rising Resilient Report in 2020.
Moreover, the changes brought over the past couple of years have meant a transition from building resilience among office-based employees to many staff members now working in remote or hybrid locations.
Designing a wellbeing programme that fits this new kind of working can be a challenge, especially with an increasing focus on providing a health and wellbeing strategy that has a meaningful impact on employees’ lives.
And this is where employee health data comes in.
Kelly Pickford, TBS Product Owner, Online Benefits at Aon, said: “Gathering the right employee health data can help to build understanding of the workforce, where they might be struggling, what matters most to them, and ultimately where employers can step in to respond to the needs of their employees”.
While there is an abundance of potential health information available, around 29% of organisations ‘lack the data to justify action’ with emotional wellbeing issues.
“It would be easy for employers to take a ‘more is more’ approach with health data. But this would be counter-intuitive and lead to information overwhelm.
“Instead, it’s important to streamline collected data, gathering only what is helpful and relevant for building resilience in employees.
“In order to do this, organisations need to ask what it is they’re trying to learn from the data, and therefore what questions they need to ask. Then, they should make sure that the benefits technology they use, such as Aon’s The Benefits Solution (TBS) platform, helps them translate this data into meaningful insights and then deliver an impactful strategy.”
This tailored data and insight helps organisations know where to focus their energy in wellbeing programmes, and ultimately create a more efficient process to help improve employee resilience.
But employee health data is not just useful for making business decisions. It can also strengthen organisations by empowering employees to improve their health and wellbeing independently.
Giving employees oversight of their own health data enables them to make healthier choices, so they have a better opportunity to build their own resilience - and strengthen the organisation further.
Find out more about how to unlock your workforces potential with data insights by reading our report, Unlocking the Value of Employee Data.
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