Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

StressAnxietyFit for WorkDepressionOccupational Health

Employee wellbeing worth billions to UK plc, as employers rush to offer perks

by Nic Paton 25 Apr 2023
by Nic Paton 25 Apr 2023 Investing in employee wellbeing could boost the UK economy by billions of pounds, a study has argued.
Image: Shutterstock
Investing in employee wellbeing could boost the UK economy by billions of pounds, a study has argued.
Image: Shutterstock

The economic value of investing in improved employee wellbeing is worth billions to UK plc, or potentially the equivalent of £4,000 to £12,000 per UK employee, research has suggested.

At the same time, the growing number of people out of work because of mental health conditions has prompted a surge in companies promoting wellness perks to new recruits.

The potential value of wellbeing provision – to the economy, individual employers, employees themselves and, of course, occupational health providers – has been highlighted by research by the McKinsey Health Institute for Business in the Community’s (BITC) The Prince’s Responsible Business Network.

The report, Prioritise People, has calculated the UK economic value of improved employee wellbeing could be £130bn to £370bn per year, or between 6% and 17% of the UK GDP. This is the equivalent of £4,000 to £12,000 per UK employee, the study has argued.

Breaking this down, addressing employee attrition could lead to a £12bn to £36bn boost to the economy. Reducing absenteeism could lead to a £4bn boost.

Employee wellbeing

Six employee wellbeing trends for 2023

Is mandatory employee wellbeing reporting a good idea?

How can art psychotherapy benefit employee wellbeing?

Reducing presenteeism and improving productivity, meanwhile, could lead to a £85bn to £288bn uptick and boosting retention a £15bn to £24bn increase. Increasing attraction (employer brand) could add £13bn to the economy, it argued.

Javier Echave, chief financial officer at Heathrow Airport and chair of BITC’s wellbeing leadership team, said: “Investing in employee wellbeing is not only the right thing to do, but it could also lead to a significant gain for the UK economy.

“Instead of looking at the negatives of poor wellbeing, we wanted to showcase the positives of businesses investing in their people to encourage more leaders to make this a boardroom priority. If business leaders invest in the right initiatives and prioritise their people, they will reap the rewards,” he added.

Separately, research by social media recruitment platform Socially Recruited has argued that, over the past 12 months, job adverts referring to wellness subsidies, budgets or discounts have risen by 310%.

Those mentioning employee counselling services have also doubled (up 95%) in the same period. Examples have included department store Harvey Nichols and food company 2 Sisters, which have advertised counselling services to staff.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Job adverts referring to a four-day week were also up 137%, an indication that employers are seeking to attract scarce candidates by offering better work-life balance, Socially Recruited argued.

Ben Keighley, founder of Socially Recruited, said: “For many Brits, how they perform and are treated at work plays a substantial role in their mental wellbeing. It is vital that provision is in place, not only to support those already in employment, but also to attract the new workers and returnees needed to drive the economy forward.”

Nic Paton

Nic Paton is consultant editor at Personnel Today. One of the country's foremost workplace health journalists, Nic has written for Personnel Today and Occupational Health & Wellbeing since 2001, and edited the magazine from 2018.

previous post
Former ministers call for statutory sick pay reforms
next post
CBI apologises for recruiting ‘toxic’ staff

You may also like

MoD worker loses harassment claim over lack of...

27 Aug 2025

Reasonable adjustment failures for epilepsy lead to £445k...

21 Aug 2025

Police Scotland constable who can’t work in cold...

15 Aug 2025

BA crew member too anxious to fly wins...

13 Aug 2025

Violence against A&E staff has doubled, warns RCN

12 Aug 2025

Reform fit notes to recover falling over-50s employment

11 Aug 2025

‘Knowledge gap’ fuelling stress about workers’ finances

6 Aug 2025

Disability discrimination cases jump 41% in a year

30 Jul 2025

Volunteers dismayed as Samaritans looks to close half...

25 Jul 2025

Why we need an expansion of the WorkWell...

21 Jul 2025

  • Work smart – stay well: Avoid unnecessary pain with centred ergonomics SPONSORED | If you often notice...Read more
  • Elevate your L&D strategy at the World of Learning 2025 SPONSORED | This October...Read more
  • How to employ a global workforce from the UK (webinar) WEBINAR | With an unpredictable...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise