How do we Measure Workplace Wellbeing?
The Oxford Wellbeing Research Centre and the OECD measure employee wellbeing by looking at happiness, purpose, stress, and satisfaction.
They also look at influencers on wellbeing, including foundational, social, and growth needs.
A survey conducted as part of the Indeed Work Wellbeing Report found that feeling energised, and feeling like you have a sense of belonging have the greatest impact on how employees feel in the workplace.
However, 51% of the workforce say they do not feel energised, and 46% of the workforce don’t feel a sense of belonging at work.
A higher work wellbeing score has been linked to many things, including higher levels of productivity, better health and less sick days, better relationships inside of the workplace, higher levels of retention, and easier recruitment prospects when it comes to bringing in new talent:
- 86% of people with high workplace wellbeing believe they will stay with their employer for the next year.
- 46% of people with low workplace wellbeing believe they will stay with their employer for the next year.
Although the main reason for employees looking to leave a job within the next year is still pay, wellbeing related reasons are still prevalent.
When people were asked the reasons why they are considering leaving their place of work:
- 34% of people believe they are not paid fairly for their work.
- 20% said they feel stressed at work most of the time.
- 18% said overall, they are not satisfied with their job.
- 16% do not feel energised in most of their work tasks.
- 16% do not feel happy at work most of the time.