BITC’s Workwell benchmark opens up to all businesses
Business in the Community (BITC) is opening up its Workwell benchmark to all companies, regardless of size. The move follows a successful trial of the process with companies listed on the FTSE 100 last year.
The benchmark measures how companies are publically reporting employee engagement and wellbeing.
The 2012 pilot highlighted the need to increase transparency of employee engagement and wellbeing practices to show whether robust people practices are in place to drive long term success.
According to BITC, currently only one third of UK employees are actively engaged in their work and levels of employee stress and anxiety are rising. This is despite clear evidence that workplaces with good levels of wellbeing have higher productivity, greater employee retention and improved customer satisfaction, the business charity maintains.
Stephen Howard, chief executive of BITC, commented: “We hope the 2014 benchmark, which we encourage all responsible companies to take part in, will begin to show improvements in the way employers manage their people and report on their staff engagement and wellbeing, to help create happier, healthier and ultimately more productive workforces. This is fundamental to businesses and individuals.”
Companies participating in the 2014 benchmark receive a detailed and confidential feedback report that provides gap analysis of their performance in comparison to industry peers, as well as making recommendations for improvement.