Engagement and well-being key to business
FTSE 100 firms will soon be ranked on how well they report on staff engagement and wellbeing after research revealed a “critical link” between effective HR management and organisational performance.
Charity Business In The Community intends to launch its Workwell pilot project this autumn, following a study that found FTSE 100 companies with robust processes in place for reporting such matters outperformed their peer group by 10%.
A leadership and steering group comprising major employers such as P&G, Mars, National Grid and Santander was heavily involved in developing the benchmark because of a desire to see a more rigorous approach to measuring good practice.
Stephen Howard, BITC’s chief executive, said: “UK business productivity lags behind the other G7 countries and we know that only 14% of UK employees are fully engaged in their work compared to a global average of 21%.”