The world of work is changing fast.
People are living and working longer, increasingly caring for their children and parents. There's growing pressure to do more with less and technology is keeping us switched on, enabling us to work wherever and whenever we choose.
With the growing awareness of the importance of well-being and the impact of poor mental and physical health, organisations are facing greater responsibility for the well-being of their employees.
Sickness absence costs the UK economy over 14 billion pounds a year. That's 554 pounds per employee.
Organisations that ignore employee well-being risk absenteeism, poor performance, and higher costs.
But well-being isn't just about fixing problems, it's about creating opportunities and generating long-term value.
So what do we mean by well-being? What an effective health and well-being programme looks like will depend on the needs of the organisation and its people, but it's likely to include health promotion, a good working environment, flexible working, positive relationships, opportunities for career development and a healthy management style.
Well-being creates workplaces which support health and happiness so that people can flourish and reach their potential benefiting themselves and the organisation.
So why do so few companies recognise the importance of well-being?
For businesses, attracting the right talent is essential, but making sure people are happy, healthy and engaged is fundamental to sustainable business performance.
Investing in well-being leads to increased resilience, greater innovation and higher productivity.
It makes good business sense.
But well-being initiatives often fall short of their potential because they stand alone, isolated from the everyday business, when to gain real benefit well-being must be integrated throughout an organisation, embedded in its culture, its leadership and its people management.
The HR profession is in a unique position to drive this agenda, to understand the needs of both workforce and organisation, and to deliver the benefits of well-being throughout the business.
Find out how HR can develop organisations with well-being at their core for happier, healthier, sustainable business.