Our Wellbeing Package
Thinking of investing in an employee benefits package? Make sure you do your ‘stress sums’ first.
With increasing pressure on employers to tackle workplace stress – and keep the business out of employment tribunal – have you calculated what it could cost if you don’t look after your employees?
Stress in numbers ...
£13.2bn: what absence costs the UK economy each year (CBI) Source
13.5m: the number of days lost due to stress (Labour Force Survey)
29 days: the number of days a stressed employee is likely to take off sick (HSE)
61: the percentage of workers who feel more stressed now than they did three years ago (Britain Under Pressure report); while one in four plans to work longer hours during the credit crunch. Source
60: the percentage of safety reps who say stress is a concern in their workplace (TUC) Source
17.1%: the percentage of workers who believe their jobs are extremely or very stressful (Psychosocial Working Conditions survey)
35-54: the age range that feels the most stressed (HSE) Source
2009: the year we’ll see the highest rates of stress yet, thanks to the credit crunch.
And here’s what you could pay for stress ...
£300,000: the amount paid to a teacher who had a nervous breakdown because of stress at work (employment tribunal 2000)
£230,000: what you could pay in an out-of-court settlement for a stress claim Source
£109,754: the damages paid to an employee for illness negligently caused by stress at work (Court of Appeal ruling, October 2008) Source
8p: the maximum cost per day per employee for a Wellbeing Network package.
When you do those stress sums, the Wellbeing Network’s employee benefits package adds up to a cost-effective, flexible solution that can help you combat the ever-increasing threat of stress in today’s workplace.
What we offer
Our LifePass™ benefits package is your link to the UK’s top stress consultants – at a discount. Our employee reward programme gives you unrivalled access to:
- the best corporate rate at over 1700 health clubs and gyms
- substantial discounts on spas, treatments, events, workshops, holidays, and family days out
- cashback at over 700 major internet retailers
- optional employee assistance programme with 24-hour counselling and support
- a quarterly Wellbeing in the Workplace magazine, with your company branding, which contains articles on health and wellbeing at work
Our full benefits list offers services in the areas of: health, fitness, wealth, career, relationships, self-image, personal development and the environment.
How does it work?
The benefits scheme is simple to set up and administer: We set up a password-protected internet portal for your employees, who can then click into their own world of amazing, discounted benefits. Each employee receives a LifePass™ card – with your own branding – and we hold a launch event with you to encourage employees to take advantage of the benefit scheme.
Find out how our LifePass™ benefits package can benefit you.
Benefits for employers
The Wellbeing Network’s LifePass™ benefits scheme:
- helps fulfil your duty of care Link
- helps you adhere to HSE stress management standards Link
- can help you avoid stress-related employment tribunal cases Link
- can be set up with the minimum admin
- shows your commitment to the wellbeing of your staff
- saves you time sourcing each benefit individually
- can be a cost-effective way to implement your absence management strategy
- can increase productivity, reduce absenteeism, and improve retention rates
- may increase staff attraction – so you can keep your best people and attract the best to you
Benefits for employees
The LifePass™ benefits package:
- makes employees feel valued
- offers them a practical path to wellbeing
- gives them a fun, educational and rewarding way of taking care of themselves
- lets them choose the type of service that most benefits them
- is an added-value incentive, especially appreciated in these cash-strapped times
So, have you done the sums? The cost to your business of not dealing with stress could be massive; the cost of our solution is minimal. So when you’re weighing up whether you can afford to reward your staff with a benefits package, ask yourself this: Can you afford not to.
If you would like to learn more about our complete wellbeing benefit solution then please contact us at this address corporate@wellbeingnetwork.co.uk.