Last year, Principality Building Society forged an award winning partnership with mental health charity Mind Cymru, which saw the firm improve the mental well-being of its staff members and the communities it works in.
Good for business
- The programme has helped staff engagement levels to stay high in 2015 with an engagement index of 82%.
- Principality Building Society now has ten mental health first aiders. Staff members are signposted to these colleagues for help.
Good for the workplace
- In 2015 Principality Building Society raised £90,000 for Mind Cymru, up 5% on the 2014 total.
- The firm’s staff have volunteered over 1200 hours in communities across Wales; supporting Give & Gain Day 2015, Wales Action Week and Mind Retail Challenges.
Top tips from Principality Building Society:
Wellbeing at work initiatives should fit with your brand and the combination of tactics used will be unique to individual organisations.
Wellbeing initiatives can gain momentum quickly, but you need to start and try new things for them to develop.
You are probably already doing lots of positive things that can be made even better with slight changes or new ideas.
As part of its long-term relationship with Mind Cymru, Principality Building Society carried out extensive fundraising, offered learning and development opportunities, and provided a wide range of employee wellbeing initiatives. Principality was also a Time to Change Wales pledged organisation last year.
As a result the Society is now better equipped at dealing with mental health problems and has significantly increased preventative activity within the business in communities across Wales.
Time to Change Wales showed Principality how to get people talking about mental health, how to listen to what they are saying, and how to respond. By working together, Principality have started to make a really positive change to the culture of their organisation.
Improving the company’s understanding and capabilities around mental health and promoting wellbeing, through the relationship with Mind Cymru and support of the Time to Change Wales campaign, has been a huge benefit to the company and the resilience of its staff.
Staff at the building society reported improved mental stamina, a breakdown of stigma, improved knowledge and generally improved physical and mental wellbeing.
Principality Building Society is the largest in Wales with over 1,000 staff members across the country. As a mutual, it is owned by and run for the benefit of its Members, the savers and borrowers.
What Principality's Chief Executive said:
“We are very proud of our role in helping communities and over the last few years we have repositioned our charity partnerships to ensure they deliver as much value for both parties as possible. I’m very pleased after two record breaking years of fundraising, but it’s the staff development that delights me, with our people now having unprecedented levels of awareness and understanding about mental health. This is so important in the way we look after each other as work colleagues, but also in the way we can look after our customers, friends, family and the wider community.” - Graeme Yorston, Chief Executive, Principality Building Society