Improved employee wellbeing can boost UK productivity by £34bn

Cultural factors impact wellbeing

Jaskeet Briah
clock • 2 min read

Research has found that helping the UK working population reach both a level of high individual wellbeing and commitment could generate around £34 billion in improved productivity per year.

According to Legal and General (L&G) Group Protection and Fruitful Insights, the productivity losses for employees with low individual wellbeing and commitment are as much as 2.5 times more than those with high individual wellbeing and commitment. For employees with low individual wellbeing and commitment, productivity loss per employee was calculated at £10,500 per year, L&G said. This was more than double the productivity loss for an employee with supportive colleagues (£4,700). Mike Tyler, chair and co-founder, Fruitful Insights, said: "It would be impossible to get productivity lo...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Economic inactivity steady but unemployment rising: ONS

Economic inactivity steady but unemployment rising: ONS

Employment impact on protection and health

Cameron Roberts
clock 21 January 2025 • 2 min read
Mental illness ranks as second most common GIP claim

Mental illness ranks as second most common GIP claim

Early intervention made the most difference

Jaskeet Briah
clock 17 January 2025 • 3 min read
Generali UK adds bereavement support to employees

Generali UK adds bereavement support to employees

Partnership with Winston's Wish

Jaskeet Briah
clock 10 December 2024 • 2 min read