Health experts encourage 2023 wellbeing focus

28 Nov 2022

Published in: Member News

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A Health Cash Plan specialist is calling on businesses to retain their focus on employee wellbeing as we enter 2023.

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Paycare Director Anthony Burns said: “Through 2022, we have seen the subject of wellbeing rise up the agenda at board level. More and more businesses are now seeing how important the wellbeing of their team is, and how it directly relates to the success of their company. We encourage more businesses to do the same, especially given the impact the cost of living crisis is having on the financial and emotional wellbeing of so many employees.

“It’s great to see so many businesses recognising the impact finances have on our health, and vice versa, and looking to incorporate financial health as an integral part of their Workplace Wellbeing strategy, as well as highlighting it as a key focus for individuals and their families.

2022 highlights

“For Paycare, the past year marked the opportunity for our team to get out and about more often – visiting our customers and attending events such as the Inspiring Leadership Education Conference, the Midlands Business Expo and the Shropshire Leadership Conference – which we sponsored.

“We’ve continued our support of charities such as The Haven Wolverhampton and sports groups (from grass roots right up to elite teams), as well as sponsoring events like the Kris Boyd Charity Bike Ride.

“Our outgoing CEO Kevin Rogers announced his retirement, and also starred in an episode of Bargain Hunt! We welcomed Wolverhampton’s Mayor to Paycare House, and picked up awards including Best Health Cash Plan Provider in the West Midlands and a Midlands Community Award too.

“We were delighted to offer free webinars including a financial tips session led by Wolverhampton City Credit Union and a focus on the menopause with The Kaleidoscope Plus Group, who we have partnered with due to their range of first-rate mental health courses.”

Key considerations for employers in 2023

• Supporting a good work/life balance will be essential. More than six in ten of those who think they have a good balance are willing to go above and beyond for their company, whereas only a quarter of those with a poor balance would do the same.
• Four in ten workers are experiencing burnout, and many more are stressed at work – so stress-related support will be a must-have offering in 2023.
• With many more team members now hybrid working or working solely from home, more than half say those arrangements would have an impact on whether they stay in their current job. With that in mind, it’s vital for employers to consider whether their Workplace Wellbeing strategy works for all team members – no matter where they’re based.

Visit www.paycare.org/workplace-wellbeing for more tips about implementing or developing your company’s wellbeing strategy.