Workplace wellbeing will be a key focus for leaders in 2024. The way we work is experiencing a transformative shift driven by flexible working and digital technology.  Workplace wellbeing is no longer just a trend – it is rapidly becoming a vital cornerstone of a sustainable and successful business.

Caileen Lubbe is a Copywriter at Plumm Ltd, which provides sustainable and accessible mental health and people management support to businesses. Here Caileen highlights emerging workplace wellness strategies that are likely to reshape the way we work and support our teams in 2024. 

This blog is a quick-read summary from our UNLOCKED: Talent Insights magazine article ‘Shaping the future of work: employee wellbeing in 2024’, which you can read here.

Nurturing the Employee Experience – make workplace wellness your winning edge

Employees are looking beyond competitive salaries and bonuses in favour of companies that offer a package that includes meaningful benefits. Companies that offer support for mental health, fitness and financial wellbeing now have the edge when it comes to recruiting and retaining top talent.

“Organisations investing in a comprehensive wellbeing solution that caters to diverse needs not only retain top talent but also cultivate job satisfaction, loyalty, and a thriving workplace culture that everyone wants to be a part of.” – Caileen Lubbe

Initiatives with a clear focus on DEI (diversity, equity, and inclusivity) also form an important part of creating a workplace culture that feels welcoming. Employees rarely leave a ‘job’ – instead, many are escaping a toxic environment where they feel excluded or unappreciated. Companies need to consider every aspect of wellbeing to retain and attract top talent.

Workplace Evolution – what are the top business wellbeing strategies for 2024?

The way we work is evolving rapidly. Companies need to embrace the wellbeing revolution if they want to compete for the best talent and keep it. There are lots of ways to implement a successful wellbeing strategy for your business, with certain trends leading the way.

Here are the key wellbeing strategies for 2024:

• Tech-driven solutions: Technology will increasingly be used to provide personalised wellbeing solutions. Apps that track stress levels, promote healthy lifestyles or offer personal development plans will offer scalable and cost-effective wellness solutions.

• Financial wellness programmes: Wellness strategies that look beyond physical health will be vital to provide a holistic approach to wellbeing. Financial wellness is a key part of this approach. Tools that offer support with budgeting, building credit history, retirement savings, and debt reduction will become an essential part of workplace wellbeing.

• Specialised solutions for high-pressure industries: Employees working in high-stress environments require extra support, and companies are looking to ensure top talent isn’t lost to burnout. Resilience training, therapy and personalised coaching sessions can form programmes that retain talent.

Budget constraints can hinder some smaller businesses from implementing effective wellbeing strategies. Read Caileen’s advice on finding cost-effective ways to adequately support teams and retain talent in the full article here.

A Boost for Business – leading the way with wellness

Why does employee wellbeing matter when leaders are battling so many other demands? Besides helping to secure the best talent, a 2021 Deloitte report revealed that poor mental health costs UK employers up to £45 billion annually. Well-thought-out workplace wellbeing programmes are worth the investment – happy and productive people are a business’s biggest asset.

“Prioritising employee wellbeing is essential for any company’s success. By navigating emerging trends, addressing common pitfalls, and fostering inclusive environments, companies can retain top talent. This approach leads to sustained excellence.”– Caileen Lubbe

When companies invest in employee wellbeing and incorporate it into company culture, employees feel happier at work and empowered to thrive both personally and professionally.

Looking for more about implementing wellbeing strategies in the workplace? Click through to read the full article here.