Total rewards schemes offer major opportunity for the public sector
Research from Benenden Healthcare Society reveals that 80 per cent of public
sector workers have never heard of total reward packages, despite recognition
that a holistic approach to health and wellbeing could significantly improve staff
retention and increase productivity.
The research, which was conducted among over 1000 public sector employees, revealed
a number of variations in awareness of total reward schemes and the perceived
responsibility for health and wellbeing management within organisations. Among
the findings:
- Workers in the civil service appeared to be better informed about the benefits
of total reward schemes, compared to local authority and NHS staff;
- The role of HR managers, rather than line managers, in health and wellbeing
management, was recognised more among local authorities rather than NHS or civil
service staff;
- More women than men do not to understand the total reward concept;
- Twenty-seven per cent more 16-24 year olds thought that the scheme referred
only to monetary rewards than respondents aged 55 and over; and
- Awareness of the importance of total reward schemes to employee motivation
was greater at senior management level, as was the cost of sickness absence.
Despite a relatively low level of awareness of total reward schemes, figures
from the research reveal that 57 per cent of workers thought that the total reward
scheme had a positive impact on employee motivation. In addition, more than half
the workers, including management, agreed that a holistic approach should include
private healthcare provisions as well as considerations of staff comfort and happiness
within the workplace.
Amanda Ludlow, Head of Business Development at Benenden Healthcare Society, feels
the opportunity to integrate health and wellbeing management at all corporate
levels as a means of increasing organisational performance, is too good to miss:
“The research is fascinating in that it reveals some major opportunities to drive
more benefits out of existing total reward schemes. Through better communication
and more effective engagement around all the benefits available to employees in
existing reward packages, employers could save money.”
“The research has shown that employees think wellbeing has a significant impact
on productivity and if employers were to put wellbeing at the core of their offering,
especially in the public sector, my view is that this will encourage employees
to be more engaged and to take ownership of their own health and wellbeing.”
“Critically, linking health and wellbeing to organisational productivity is a
way of saving, rather than spending, money at a time when funding is set to be
cut right across the public sector.”
With estimates of absenteeism amounting to 172 million working days lost and
costs to employers reaching £13 billion* the need for a total rewards scheme becomes
paramount where the health and wellbeing of staff is integrated into comprehensive
sickness management programmes.
Ludlow added that recognising weaknesses in current health and wellbeing management,
then communicating and empowering staff with the solutions, is the recipe for
a happier, healthier workforce.
“Our biggest message to the public sector is, embrace this approach and you will
see the benefits played back in equal measure. Moving away from a ‘parental’ style
of absence management, and giving staff incentives to stay happy, healthy and
in control of their overall wellbeing, has been proven to benefit organisations’
bottom line performance.
“To quote Lord King, organisational effectiveness relies on staff being ‘happy,
healthy and here!’”
To view a copy of the Executive Summary,
click here.
ENDS
For further information please contact Laura Foster or Nicola Williamson, Admiral
PR and Marketing on 0191 222 0722 or email nicola.williamson@admiralpr.com
* Source: The Confederation of British Industry (CBI) figures for 2007.
Notes to editors:
Benenden Healthcare Society
Benenden Healthcare is one of the UK’s oldest and most respected mutual healthcare
societies, and is championing awareness of appropriate absence and staff well-being
management in the workplace.
The Society has a membership of over 940,000 and is currently open to all public
sector workers and their families as well as employees of organisations whose
aims and objectives are compatible with the Society. The Society also provides
cost-effective discretionary corporate healthcare schemes that can help to improve
productivity and levels of wellbeing in the workplace. Employees are able to quickly
and easily obtain medical advice through information services and may also be
able to access prompt diagnosis and a range of treatment options.
Benenden Hospital is an independent hospital with charitable status, and a subsidiary
of the Benenden Healthcare Society. It was founded in 1907 and became the centre
for hospital treatment for members of Trade Unions and Friendly Societies and
subsequently large numbers of public sector employees who have joined the Benenden
Healthcare Society.
The hospital places great emphasis on quality providing comfortable, clean and
infection free accommodation and a range of clinical services which are tailored
to meet the needs of individual patients. The Hospital scooped five out of 12
of the Healthcare 100 Awards (2009) for best employer accolades.