With wages set to rise across the UK in April 2016, research from Credit Suisse predicts that profit margins will suffer – so it’s now more important than ever to ensure that your staff are as engaged and productive as possible. Investing in health and wellbeing could hold the answer.
Starting in April 2016, a new ‘national living wage’ of £7.20 per hour will be introduced for over-25s. This change will affect 6 million workers across the UK, who can expect a further payrise of 6% per year until 2020.
According to the Oracle Simply Talent Survey 2015, only 35% of employees currently feel engaged at work – which suggests that there’s plenty of room for improvement!
And, as Personnel Today pointed out, “More uniform minimum wages also mean that companies have to do more to differentiate themselves in order to attract and retain talent.”
So what can you do?
Investing in workplace health can improve engagement, reduce absence rates and boost staff retention (read the Nudjed white paper on workplace health here). Healthier employees are happier and more productive. But don’t just take our word for it!
“It’s not just about being a kindly or responsible employer. There are clear business benefits and a demonstrable return on investment. Great health and wellbeing packages will help attract and retain top talent and will help increase productivity and motivation in the workplace, while cutting down on days lost to illness.”
(People Management Industry Insight Report, 2015)
Nudjed can help you to create a healthier, happier team.
To learn more, visit nudjed.com