SINGAPORE: A recent survey conducted by WTW has highlighted a significant gap between the wellbeing programs that companies are prioritizing and what their employees actually need.
Despite the evident demand for financial support, this aspect of wellbeing remains one of the lowest priorities for employers. Only 8% of the 100 employers surveyed indicated that financial wellbeing was a key focus for their organization. The survey also revealed that stress levels among employees are high, with half of the respondents indicating above-average stress levels.
Companies that are more effective in their wellbeing programs tend to see better financial performance and human capital outcomes. WTW reported that organizations excelling in this area are twice as likely to experience higher employee productivity, increased engagement, lower turnover, and better talent retention.