{"id":1944,"date":"2022-07-13T10:43:26","date_gmt":"2022-07-13T15:43:26","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=insight&#038;p=1944"},"modified":"2023-04-25T15:51:33","modified_gmt":"2023-04-25T20:51:33","slug":"aligning-well-being-with-people-and-boardroom-priorities","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/us\/insight\/aligning-well-being-with-people-and-boardroom-priorities\/","title":{"rendered":"Well-Being 3.0 &#8211; Aligning Well-Being with People and Boardroom Priorities"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column]\n\t<div class=\"hero hero--wrap    \">\n\n\t\t<div class=\"hero--background-image hero--background-image-blur\">\n\t\t\t<div class=\"hero--overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"hero-background\" style=\"background: url(https:\/\/www.bbrown.com\/wp-content\/uploads\/2022\/07\/WellBeing3_WebsiteGraphic_0722.jpg) center center no-repeat; background-size: cover;\"><\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"hero--container\">\n\t\t\t<div class=\"container\">\n\t\t\t\t<div class=\"hero--inner width-100\">\n\n\t\t\t\t\t\n  <div class='content-heading  100%  '>\n    <p class='text-white subheading'>Employee Benefits<\/p>\n    <h1 class='text-white    '>\n      Well-Being 3.0 - Aligning Well-Being with People and Boardroom Priorities\n    <\/h1>\n\t\n  <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h1 class='text-brand-dark-blue    h2'>\n      Well-Being 3.0 - Aligning Well-Being with People and Boardroom Priorities\n    <\/h1>\n\t\n  <\/div>[vc_column_text]In recent years, we have witnessed some notable transitions in employee health programs \u2013 beginning with an emphasis on physical health (Wellness 1.0), then shifting to a focus on holistic frameworks across physical, emotional, financial and social health (Well-Being 2.0). However, this holistic view still lacks a connection to business initiatives like Diversity, Equity &amp; Inclusion (DEI) and sustainability. Many organizations with Wellness 1.0 and Well-Being 2.0 approaches still struggle to demonstrate the value of their programs.<\/p>\n<p>At the same time, many C-suite leaders view employee well-being as an indicator of organizational resiliency\u2015intrinsically linked to other business and sustainability metrics like talent attraction and retention, employee engagement, productivity and profitability. As a result, leading organizations are shifting their approach\u2015from tactical programs to broader strategies aligned with total rewards and organizational sustainability. This transformative shift has brought us Well-Being 3.0 and a new opportunity to implement strategies that make both people sense and business sense.<\/p>\n<h3>Today\u2019s Well-Being Program Realities<\/h3>\n<ul>\n<li><strong>Well-being investment is growing.<\/strong> The average employer\u2019s budget for well-being programs increased 36% from 2019 to 2020, with large employers (20,000+ employees) reporting an average spend of $10.4 million.<a href=\"https:\/\/www.businessgrouphealth.org\/en\/who-we-are\/newsroom\/press-releases\/95-percent-of-employers-now-include-emotional-and-mental-health-programs-in-well-being-platforms\" target=\"_blank\" rel=\"noopener\"><sup>1<\/sup><\/a> This number increased to $11 million in 2022, presumably driven by a heightened focus on well-being during the pandemic. For mid-market employers (fewer than 5,000 employees), the average amount spent per employee increased 60% in 2022.<a href=\"https:\/\/www.businessgrouphealth.org\/who-we-are\/newsroom\/press-releases\/2022-fidelity-survey\" target=\"_blank\" rel=\"noopener\"><sup>2<\/sup><\/a><\/li>\n<li><strong>C-suite attention is intensifying. <\/strong>The increased spending on employee well-being programs coincides with the opinions of a growing number of C-suite executives, who say employee well-being is a strategic boardroom and organizational priority.\u00a0 A recent study of 3,000 CEOs conducted by IBM indicates that 77% of high-performing company CEOs will prioritize employee well-being even if it affects near-term profitability.<a href=\"https:\/\/newsroom.ibm.com\/2021-02-02-IBM-Study-Employee-Well-being-is-Major-Priority-for-Many-CEOs-of-High-Performing-Companies\" target=\"_blank\" rel=\"noopener\"><sup>3<\/sup><\/a><\/li>\n<li><strong>Employees are not feeling the impact.<\/strong> According to a recent Gallup survey, employees consistently ranked \u201cthe organization cares about employees\u2019 well-being\u201d in their top three areas of what they most look for in an employer. Millennial and Gen Z workers rank this as their number one workplace want, with diversity, equity and inclusion (DEI) and ethical corporate behavior also high on their lists.<a href=\"https:\/\/www.gallup.com\/workplace\/352952\/employees-wellbeing-job-leave-find.aspx\" target=\"_blank\" rel=\"noopener\"><sup>4 <\/sup><\/a>Yet, despite increased investment and executive-level attention, \u201cfewer than one in four employees feel strongly that their organization cares about their well-being \u2013 the lowest percentage in nearly a decade.\u201d<a href=\"https:\/\/www.gallup.com\/workplace\/390776\/percent-feel-employer-cares-wellbeing-plummets.aspx\" target=\"_blank\" rel=\"noopener\"><sup>5<\/sup><\/a><\/li>\n<\/ul>\n<p>This chasm between organizational emphasis and employee perception creates an imperative for employers to consider developing a transformative Well-Being 3.0 design.<\/p>\n<h3>Employer Well-Being Opportunities<\/h3>\n<p>Here are three ways organizations can adopt a Well-Being 3.0 approach that better aligns with people&#8217;s needs and boardroom priorities:<\/p>\n<ol>\n<li><strong>Connect the dots.<\/strong> Employers should articulate how their Environmental and Social Governance (ESG), Diversity, Equity &amp; Inclusion (DEI) and Corporate Social Responsibility (CSR) initiatives support employee well-being.<\/li>\n<li><strong>Focus on human-centered design and personalized experiences.<\/strong> The design and delivery of well-being programs should be informed by employee insights (preferences, risks, needs) and the organization\u2019s DEI objectives.<\/li>\n<li><strong>Measure, target and report.<\/strong> Employee well-being metrics are also indicators of organizational resiliency and sustainability. Organizations should track and report well-being metrics with the intent to demonstrate how employee well-being and business performance are interrelated and interdependent.<\/li>\n<\/ol>\n<p>Well-Being 3.0 presents employers with new realities and opportunities, and paves the way to help optimize both business and employee well-being objectives.<\/p>\n<p>Sources:<\/p>\n<ol>\n<li>2021, 11<sup>th<\/sup> annual Health and Well-Being Survey from Fidelity Investments\u00ae and Business Group on Health. Retrieved from: <a href=\"https:\/\/www.businessgrouphealth.org\/en\/who-we-are\/newsroom\/press-releases\/95-percent-of-employers-now-include-emotional-and-mental-health-programs-in-well-being-platforms\">https:\/\/www.businessgrouphealth.org\/en\/who-we-are\/newsroom\/press-releases\/95-percent-of-employers-now-include-emotional-and-mental-health-programs-in-well-being-platforms<\/a><\/li>\n<li>2022, 13th Annual Employer-Sponsored Health &amp; Well-Being Survey from Fidelity Investments\u00ae and Business Group on Health. Retrieved from: <a href=\"https:\/\/www.businessgrouphealth.org\/who-we-are\/newsroom\/press-releases\/2022-fidelity-survey\">https:\/\/www.businessgrouphealth.org\/who-we-are\/newsroom\/press-releases\/2022-fidelity-survey<\/a><\/li>\n<li>2021, IBM Study: Employee Well-being is Major Priority for Many CEOs of High Performing Companies. Retrieved from: <a href=\"https:\/\/newsroom.ibm.com\/2021-02-02-IBM-Study-Employee-Well-being-is-Major-Priority-for-Many-CEOs-of-High-Performing-Companies\">https:\/\/newsroom.ibm.com\/2021-02-02-IBM-Study-Employee-Well-being-is-Major-Priority-for-Many-CEOs-of-High-Performing-Companies<\/a><\/li>\n<li>2021, Gallup &#8211; Employees Want Wellbeing From Their Job, and They&#8217;ll Leave to Find It. Retrieved from: <a href=\"https:\/\/www.gallup.com\/workplace\/352952\/employees-wellbeing-job-leave-find.aspx\">https:\/\/www.gallup.com\/workplace\/352952\/employees-wellbeing-job-leave-find.aspx<\/a><\/li>\n<li>2022, Gallup &#8211; Percent Who Feel Employer Cares About Their Wellbeing Plummets. Retrieved from: <a href=\"https:\/\/www.gallup.com\/workplace\/390776\/percent-feel-employer-cares-wellbeing-plummets.aspx\">https:\/\/www.gallup.com\/workplace\/390776\/percent-feel-employer-cares-wellbeing-plummets.aspx<\/a><\/li>\n<\/ol>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_single_image image=&#8221;1418&#8243; alignment=&#8221;center&#8221; style=&#8221;vc_box_circle_2&#8243;][vc_separator border_width=&#8221;2&#8243; el_width=&#8221;60&#8243;][vc_column_text]<\/p>\n<h6 style=\"text-align: center;\">Abinue Fortingo, MPH, CPH<\/h6>\n<p style=\"text-align: center;\">Principal, Population Health Consultant<\/p>\n<p>[\/vc_column_text][vc_single_image image=&#8221;1948&#8243; alignment=&#8221;center&#8221; style=&#8221;vc_box_circle_2&#8243;][vc_separator border_width=&#8221;2&#8243; el_width=&#8221;60&#8243;][vc_column_text]<\/p>\n<h6 style=\"text-align: center;\">Kelly Polinski, M.P.H., C.W.P.M.<\/h6>\n<p style=\"text-align: center;\">National Population Health Consultant<\/p>\n<p>[\/vc_column_text]\t<div class='wpb_content_element text-center btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-dark-blue  '\n\t\t\t\thref='\/us\/contact\/contact-general\/' target='' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Connect Now<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]In recent years, we have witnessed some notable transitions in employee health programs \u2013 beginning with an emphasis on physical health (Wellness 1.0), then shifting to a [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":1945,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[31,74],"class_list":["post-1944","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-employee-benefits","insight_category-population-health-well-being"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Well-Being 3.0 - Aligning Well-Being with People and Boardroom Priorities - Brown &amp; Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/us\/insight\/aligning-well-being-with-people-and-boardroom-priorities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Well-Being 3.0 - Aligning Well-Being with People and Boardroom Priorities\" \/>\n<meta property=\"og:description\" content=\"[vc_row row_style=&#8221;page-hero&#8221; 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