Investing in employee well being In an increasing competitive capital market many businesses have identified the benefits of investing

in employee well being for the business. Jaine Clarke, the director of skills for employers at the Learning and Skills Council, has confirmed that businesses who invest in employee training and the development of skills are able to enjoy a number of benefits, including reduced levels of absenteeism and increases in morale "Individuals in the workplace always feel more loyalty towards a business that is taking [an interest and offering support]," said Ms Clarke.

Training Salary Healthcare package Other forms of incentives

CBI Survey

Firms are investing in employees skills over 33 billion every year. The CBI survey shows the business benefits of this investment include: 1. Improved productivity 2. Satisfied customers/clients 3. Higher staff morale (reduced absenteeism)

Other benefits may include: Potential good marketing strategy attract new clients and top talent Most benefits lead to increase in staff retention which in turn may be viewed by an employer favourably when choosing to engage a firm.

Why Invest in Employees CBI Survey 2008 reported findings that 32% of CEOS identify profitability as a key business priority recognising the need for dynamic effective leaders.

53% of firms are concerned that they will be unable to find enough skilled staff to meet their future recruitment needs.

Chief executives identified investment in people as their number one priority. 27% put people issues as their number on focus whether it be client care, leadership or workforce skills.

Results of Training and Development Programmes 89% of companies have training and development plans for their business. The CBI survey concluded that a wide range of benefits result. 1. 32% of firms saw real benefits such as improved morale. 2. 28% of firms saw improved productivity 3. 23% of firms reported improved client satisfaction. http://www.cbi.org.uk/pdf/skills_report0408.pdf

China one benefit was cafeteria plans the employees were given a discounted lunch. Each person was allowed 10rmb per day to spend on lunch and reimbursed at the end of each month.

GlaxoSmithKline publicly report on the financial impact of their health and well-being programmes GSK report shows that staff who are physically energised, mentally focussed and have a clear sense of purpose show sustained improvements in performance Since 2002: 60% reduction in work-related mental illness 20% reduction in absences due to mental ill-health, equivalent to savings of 2.4 million 10-15% reduction in fatigue and 15% increase in self-esteem and job satisfaction