Getting your Trinity Audio player ready...

Author: Phil Bushnell

null

A nonprofit's organizational wellbeing succeeds on the strength of the physical, emotional, career and financial health of employees. But creating a solid employee experience and making smart investments in the workforce require a conscious effort from HR and leadership.

A recent poll on organizational wellbeing shows how nearly 400 US employers are promoting employee wellbeing to drive sustainable bottom-line growth.

Top reasons for promoting employee wellbeing

Job satisfaction, attract/retain talent, lessen employee burnout, enhance corporate culture, manage healthcare costs

How employers feel about their current strategies

48% think they have a wellbeing culture and 37% have confidence in their current wellbeing strategy. 

Strategic priorities for 2024

With many nonprofits lacking confidence in their wellbeing strategies, it's helpful to see how other organizations are planning to invest their time and energy to improve attraction, retention and engagement.

56% improve employee recognition; 55% improve manager effectiveness; 54% analyze compensation; 51% improve employee communications; 42% prepare future leaders 

Measuring the success of wellbeing efforts

Organizations agree that the following are the most essential people metrics for determining future business success.

25% employee engagement; 21% turnover rate; 20% trust in leadership

Author Information

Source

"Organizational Wellbeing Poll: What's Hot in People and Benefits Planning," Gallagher, Dec 2023.

Disclaimer from dictionary

The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.

Insurance brokerage and related services provided by Arthur J. Gallagher Risk Management Services, LLC. (License Nos. 100292093 and/or 0D69293).