The Wellbeing@Work Index™
Let's lift the lid on corporate wellbeing
Deloitte and Medibank have joined forces to develop a new way to help companies understand, measure and improve the wellbeing of their organisation. Wellbeing in the workplace is commonly talked about in Australia but not well understood or measured - until now.
- Register your interest
- What is the Wellbeing@Work Index?
- How does it work?
- Why is wellbeing important?
- Read our blog
Have you found yourself with the same problem that CEOs Cindy Hook of Deloitte and Craig Drummond of Medibank had? You are personally and professionally passionate about the importance of having a healthy, well workforce. You have made considerable investment in promoting wellbeing in your workplace and yet you are unable to find an accurate way to measure if this investment is paying off?
If this sounds like you, we have a solution for you. Together, Deloitte and Medibank have created Australia’s most comprehensive corporate wellbeing index, the Wellbeing@Work IndexTM.
What is the Wellbeing@Work Index?
The Index has been designed to help Australian companies understand, measure and improve the wellbeing of their people and workplaces. It incorporates insights from Medibank’s health expertise, coupled with research from Deloitte Access Economics and Deloitte’s Human Capital consulting capabilities, to measure wellbeing from the perspective of both employees and the businesses they work for.
How does it work?
Available to organisations with more than 100 employees, the Wellbeing@Work IndexTM is the only workplace index that measures wellbeing across four pillars – Mind, Body, Purpose and Place – and from the perspective of both employees and the organisation.
The current state of wellbeing is assessed when both employees and executives are asked to complete a survey. The employee survey measures perspectives on organisational wellbeing and engagement. The second survey (for executives and HR departments) measures the organisation’s perspective on its performance in managing the wellbeing of its people.
We analyse and compare your results against the four pillars above. The report to your organisation will allow you to:
- Understand how your workplace impacts the wellbeing of your employees
- Identify gaps and opportunities to improve your wellbeing strategy
- Benchmark your wellbeing against other organisations
- Monitor your organisation's progress and return on wellbeing investment.
Why is wellbeing important?
Wellbeing in the workplace has been shown to drive employee effectiveness and engagement, boost business performance and help to attract and retain top talent. It also has significant financial benefits, with a greater focus on wellbeing a tonic to absenteeism, which has a direct cost to the Australian economy of $44 billion* each year.
Deloitte and Medibank’s strong focus on wellbeing in our own organisations, coupled with our strong personal commitment from our leadership to the importance of wellbeing, puts us in a position to share our insights to help other businesses get the most out of their health and wellbeing programs.
* AIG Absenteeism & Presenteeism Survey Report 2015
Read more on the blog
The workplace safety journey – moving from surviving to thriving
Posted 22 August 2016 by Jane Magree
Have you heard about the pioneering media giant who left her hugely successful news website to focus on sleep? No? Well – it’s not actually as strange as it sounds. Read more.