Published: 03 January 2024
Investments in employee well-being remain high, but few HR leaders are confident they can measure the effectiveness of these total rewards offerings. They can take three steps to more accurately assess the effectiveness of well-being programs and demonstrate their value to stakeholders.
Ninety-two percent of total rewards leaders report steady or increasing well-being budgets. Yet, employee wellness remains static globally, putting pressure on HR leaders to demonstrate the value of well-being programs amid economic uncertainty.
While data shows that well-being programs have a net positive impact on wellness, organizations struggle to determine which specific offerings are providing the most value. Only one in three total rewards leaders report their organization is currently doing a good job of assessing their well-being programs’ efficacy.
HR leaders can more accurately evaluate well-being program impact by using a holistic measurement framework that measures effectiveness across
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