If not, why not?
We have all seen the big data health statistics:
- 1 in 4 people will have a mental health issue
- 1 in 5 adults smoke
- 30 million days are lost due to muscular skeletal conditions
- 33% of people could not afford to pay an unexpected health bill
Data is vital to enable us to make good commercial decisions and the right people decisions, however data at this macroscopic level mentioned above applies to UK PLC and may not reflect your individual business.
Data at the aggregated level is great at raising awareness of problems at industry, country or demographic levels, and great at starting the conversation or getting people on the bus but ultimately, we know there is an issue…so what?
Employee Wellbeing budgets can be large figures with Private Health Cover, Healthcare trusts, Cash plans, EAP’s, Financial Education, Physical Health initiatives and more all stacking up to one of the largest budgets that will sit in the HR/Reward space.
Make your budget work – go where the issue is and solve it!
So, if you are spending money like this you want to know that you are spending it in the right places, solving the right problem and you can see improvements in your overall employee wellbeing, which is kind of the point, isn’t it?!
Surely, we need the right data to do this, there is no point introducing amazing schemes to help people stop smoking if no-one in your organisation smokes!
Your circle of health care providers can help, and the level of data from cash plans usage, private medical spend and EAP stats are normally quite robust. The challenge is you normally get this data at the end of the year, or quarterly so spotting trends and reacting to these can be hard to do – and most importantly you only get stats from people after they have had an injury or disease.
We need to be thinking and acting more proactively and using data to prevent health issues before they arise by tailoring our wellbeing strategy and spend where it’s needed the most based on insights and data.
Measuring the Experience
With the PX Hub we provide solutions that help you understand how your employees feel about their own Wellbeing and how this is supported at work.
These can be run as either Pulse surveys or a larger survey to provide a broader but larger set of people data.
Ultimately, we can help you understand how you can spend your wellbeing budget effectively, make meaningful impacts and allow you to personalise your offering to have the biggest impact for your people.
Find out more about our modules here.
About the author
My name is Nick Court and I work at The People Experience Hub
Find out more about the solutions we offer at https://pxhub.io
Drop the team an email firstname.lastname@example.org
We would love to hear what you think.