Virgin Pulse announced results of its annual State of the Industry Survey, unveiling key relationships between wellbeing, culture and engagement, the three main drivers of positive employee experiences.
This year’s survey asked over 600 HR and benefits leaders at global organizations to weigh in on how these three areas are connected and the role they play in driving employee satisfaction, retention and performance within their organizations.
According to the survey, issued in partnership with Human Capital Media, 78% of organizations view employee wellbeing as a critical component of their business strategy; with 74% of those with strategic, holistic wellbeing programs seeing improvements in employee satisfaction and 65% improvements in organizational culture.
Also, 95% of organizations view culture as important for driving business outcomes, and 80% plan to improve corporate culture in the coming year.
When it comes to employee engagement, investments in this area have a strong impact on business results, with 56% of companies seeing improvements in employee satisfaction, 40% reporting enhanced company culture, and 14% seeing revenue growth.
Unsurprisingly, improving employee engagement remains a key organizational focus, with 88% of respondents calling it a top priority.
“This survey shows that organizations are recognizing this — with 97% of respondents reporting that employee wellbeing impacts engagement,” Virgin Pulse CEO Chris Boyce said in a statement. “As more organizations focus on individual wellbeing as positive a driver of company culture, they are going to see happier, healthier, more engaged employees and better business results, across the board.”