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Evolving workplace wellbeing
Workplace Health & Wealth
DAMIAN STANCOMBE PARTNER AND HEAD OF WORKPLACE HEALTH AND WEALTH
EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
The cost to UK plc
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Evolving workplace wellbeing Workplace Health & Wealth DAMIAN - - PowerPoint PPT Presentation
Evolving workplace wellbeing Workplace Health & Wealth DAMIAN - - PowerPoint PPT Presentation
Evolving workplace wellbeing Workplace Health & Wealth DAMIAN STANCOMBE PARTNER AND HEAD OF WORKPLACE HEALTH AND WEALTH The cost to UK plc Absence Sick days cost UK business 29 billion a year (ONS) Average cost of absence is 975 per
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
The cost to UK plc
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Presenteeism Presenteeism has been speculated to cost UK business £15 billion (CIPD) Turnover Replacing an employee costs £30,000 on average (Oxford Economics) Estimated overall costs of these 3 factors: £1.5 million - £2 million per year for a 1,000 person workforce
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
The cost to UK plc
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Effect on productivity is much greater as employees struggle with debt and mental and physical consequences: Average household unsecured debt has increased by 42% since 2015. Now stands at £13,520 (Aviva) Britain’s poor productivity has left a gap of 16% with the other 6 members of the G7 group of industrial nations (ONS)
£
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An old philosophy meets the modern needs of the workplace “Human Flourishing”
Our philosophy - Eudaimonia Happiness - A good proxy for wellbeing Happy staff - Productive workplace
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Health Protection Financial Security My Job Work/Life Balance Support
Six pillars of workplace wellbeing
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
ACDC process - Analytics
Analyse
survey data forecast
Consult Deliver Check
Corporate focus
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Interactive online BWell dashboard
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Interactive online GEM analysis
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
ACDC process – Consulting and delivery
Analyse
survey data forecast
Consult Deliver Check
Member focus
strategy prevention intervention
communicate/ educate engage technology
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Me2 – Engagement platform
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Drumroll
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
ACDC process – Check
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Analyse
survey data forecast
Consult Deliver Check
Corporate focus
strategy prevention intervention
communicate/ educate engage technology
monitor track ROI evolve
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Technology applied to an age old philosophy to bring together the needs of corporates and members for workplace happiness
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Questions?
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EVOLVING WORKPLACE WELLBEING: WORKPLACE HEALTH AND WEALTH
Regulatory information
- The information in this presentation is based on our understanding of current taxation law, proposed legislation
and HM Revenue & Customs practice, which may be subject to future variation.
- This presentation is not intended to provide and must not be construed as regulated investment advice.
Returns are not guaranteed and the value of investments may go down as well as up.
- Barnett Waddingham LLP is a limited liability partnership registered in England and Wales. Registered Number
- OC307678. Registered Office: Cheapside House, 138 Cheapside, London, EC2V 6BW
- Barnett Waddingham LLP is authorised and regulated by the Financial Conduct Authority and is licensed by the
Institute and Faculty of Actuaries for a range of investment business activities.
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