Despite global financial pressure, and a continued volatile business environment, a commitment to wellbeing — attraction and retention — isn’t waning. Virgin Pulse’s '2023 Global Survey: Workplace Health and Wellbeing Priorities' finds that: “Wellbeing is still a priority, and its importance has grown over the past few years. Companies are continuing to increase their commitment to health and wellbeing in both support and financial investment, and have learned the lesson that one way to attract and retain talent is to build a sustainable working life for employees. Wellbeing, a people and performance approach for companies, is a major part of that.” And YuLife leaders couldn’t agree more. “It’s exactly what we’ve seen at YuLife,” says Lauren Berkemeyer, VP of Marketing. “In our own surveys and reports, we’ve also found an ROI from wellbeing investment, and companies are increasingly realising the value in investing in their people.”Here are 5 key things we learnt from the survey:1. 71% see an ROI of their wellbeing effortsWhen asked about the return on investment of employee wellbeing initiatives and strategies, the overwhelming majority (71%) agreed that they can clearly see ROI from their programme — meaning wellbeing is seen as vital to financial success through an outcome-driven wellbeing approach. 2. Cuts are being made by some, but not at the expense of wellbeing provisions 56% are increasing employee contribution to benefits, but of the organisations focused on cost, many are opting to shift the responsibility of cutting expenses to their employees, rather than reducing their workforce in 2024.3. 38% say their job would be easier if all benefits were on one technology This is an area where YuLife offers a solution: the ability to house all benefits — YuLife and not — on one easy-to-use employee benefits app that’s gamified for high utilisation. They also want faster negotiations and implementations with new resources/partners and improved employee awareness and benefits utilisation — an area where YuLife also ranks highly, resulting in up to 5x the engagement rates. 4. How employers are communicating with employees is changing66% use social media to raise awareness of wellbeing programmes. Social media has evolved to become a primary means of communicating employee benefits, second only to email — and replacing intranet as the previous number two. 5. 67% Have seen wellbeing programme participation increase in the past yearThis ties in closely with health and wellbeing becoming more important to employees and the greater need for employer support. What’s also interesting to read is the role of business in influencing global health. The 2023 Edelman Trust Barometer reveals that business is now viewed as the only global institution to be both competent and ethical — overtaking government by 53 points in competence, and 29 points ahead in ethics. “Employers are in a powerful position to influence health — and not only is there a responsibility, but a strong business case to do so,” says Lauren. “Employee communication is key, with people looking to their employers as the trusted source for health and wellbeing advice. About YuLife.YuLife is working to reimagine the insurance industry by protecting lives, rewarding living and inspiring life. We’re on a mission to transform traditional insurance into a life-enhancing experience each employee will value and use daily. How does it work? Our award-winning app uses behavioural science and game mechanics to reward your people for living well while offering protection in case of crisis. And with our top-rated employee assistance programme, your team gets access to mental, financial and social support, virtual GPs, nutritionists, life coaches and more to help them live their best lives.Because we believe that your employees should benefit from their insurance from day one — and that wellbeing should be accessible every day, for everyone.Request a demo for your team today.