Two thirds (66%) of employers in India have already developed, or are developing, a stress or mental health strategy for their employees and an additional 17% are considering it by 2021, according to a study by Willis Towers Watson, a global multinational risk management, insurance brokerage and advisory company.
Further, 63% of Indian companies already have or are developing a strategy to improve the financial wellbeing of their employees and 13% are considering developing it by 2021, notes the report titled “India Health and Wellbeing Study 2018”. Towards this, 50% companies are planning to deliver personalised messages to help improve financial planning as compared to only 6% at present.
The report also reveals that:
- Employers are most concerned about their employees’ lack of physical activity (62%) and stress (55%). These are followed by obesity (43%).
- One in four employers recognise the role of' ‘family’ towards employee wellbeing.
- Almost half of the surveyed organisations still do not have a formally established health and well-being strategy.
In addition, more than half of the respondents believe the cost of the various employee well being programmes would pose a challenge, and 49% say they lack actionable data to measure the outcomes of such initiatives.
Willis Towers Watson conducted the study from June to August and polled over 100 organisations and senior HR executives across sectors.