Prioritise People: unlock the value of a thriving workforce
Demonstrating the compelling business case for allowing employees to be at the heart of their organisational purpose and business strategy, this report, specifically developed for CFOs has been prepared by Business in the Community’s (BITC) Wellbeing Leadership Team with support and research from McKinsey Health Institute (MHI). It contains input from leading UK CFOs and expert collaborators.
The importance of holistic health and wellbeing strategies
Download the report to understand the Economic Value Proposition (EVP) for placing employees and their wellbeing at the heart of your organisation. Learn how better employee wellbeing can have a positive impact on business, families and society and how to select a portfolio of health and wellbeing investments.
The business case for investment in employee health and wellbeing
Investing in a thriving workforce improves financial performance and competitiveness. The consolidated evidence from academic literature and industry studies supports the economic value proposition (EVP) for investing in employee health and wellbeing and creates a compelling investment case.
- Productivity: the incremental positive impact of improved employee health and wellbeing on output or production, engagement and performance metrics, due to improved creativity, feelings of shared purpose, or connectedness to one’s workplace
- Retention: the impact of employee health and wellbeing on an employee’s decision to remain at an organisation.
- Attraction: the impact of employee health and wellbeing on attraction and recruiting potential for an organisation.
- The ability to attract investment: the forward-looking advantage expected in gathering investment by companies with higher levels of employee health and wellbeing (i.e., goodwill from investors), as wellbeing becomes a part of ESG metrics
Prioritising People case studies
Case studies profiling the work of organisations who have invested in employee health and wellbeing.
Video: The Power to Revolutionise Business
Mary Macleod, Chief Executive Officer, Business in the Community
Javier Echave, Chief Financial Officer Heathrow Airport Holdings
David Wright, Group Chief and Group Director of Safety Healthy and Business, National Grid
Free assessment tool and World Health Organisation guidelines
- Mckinsey Health Institute (MHI) Assessment Tool: Available free of cost, this psychometrically validated survey is based on Mckinsey research. It measures employees’ needs and feelings about their mental health and well-being. Also available to explore is the MHI database, which holds over 100 interventions.
- WHO guidelines on mental health at work: evidence-based recommendations to promote mental health, prevent mental health conditions, and enable people living with mental health conditions to participate and thrive in work. The recommendations cover organisational interventions, manager training and worker training, individual interventions, return to work, and gaining employment.