Prioritise People: The Next Step Report
This new report Prioritise People: The Next Step by Business in the Community (BITC), with research from McKinsey Health Institute (MHI), is a practical guide offering science-based measures and interventions that organisations, from large corporations to start-ups, can use to measure health and wellbeing initiatives.
Unlocking the value of a thriving workforce
BITC’s Prioritise People: unlock the value of a thriving workforce, report demonstrated the compelling business case for allowing employees to be at the heart of their organisational purpose and business strategy.
It showed there is a huge economic value to be created by unlocking the value of your people – between £4,000-£12,000 of extra value per employee, per year – which equates to a massive 6-17% UK Gross Domestic Product (GDP).
Our Workwell Self-Assessment tool allows organisations to benchmark their wellbeing. It evaluates an organisation’s maturity on wellbeing against the seven pillars of the Workwell Model.
This new report Prioritise People: The Next Step, with research from McKinsey Health Institute (MHI), is a second stage, and a ‘how-to’ guide of practical, science-based measures and interventions that organisations can use to measure health and wellbeing initiatives.
This report was prepared by BITC’s Wellbeing Leadership Team, with support and research from MHI.
It establishes effective measures that organisations need to consider, including the following:
- The wellbeing maturity of the organisation: to establish measures that are specific to the journey they
are on;
- Three types of metrics: minimum reporting metrics, measures of economic value and measures of the underlying drivers of wellbeing;
- Link to value: choosing the right metrics that link directly to the value;
- Data: start on collection and measurement, then build up the quality of the data. It doesn’t have to be perfect on day one;
- Enterprise leadership: build leadership accountability through the data, inspiring subsequent action.
Download the report to find out more.
Next steps
Read our Prioritising People case studies profiling the work of organisations who have invested in employee health and wellbeing initiatives. Including:
TRANSFORMING MENTAL HEALTH AND WELLBEING IN YOUR WORKPLACE
