Psychology at Work Essay

4633 Words Jan 26th, 2015 19 Pages
The Wellbeing Programme

To what extent is a well-being programme a good investment for an organisation to make?

Psychology at Work

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CONTENTS

PAGE

INTRODUCTION……………………………………………………………… 3 STRESS AND WELLBEING……………………………………………......... 4 - 9

MEASURING AND COPING WITH STRESS………………………………. 10- 11 CONCLUSION………………………………………………………………… 12

RECOMMENDATIONS………………………………………………….......... 13

REFERENCES ……………………………………………………………….… 14-16

INTRODUCTION

BGL Group has grown to be one of the UK’s leading financial services, specialising mainly in vehicle and home insurance, as well as a range of supplementary products such as breakdown cover, legal protection
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‘Presenteeism’ is when an individual is present at work, however is in poor health, therefore productivity levels are reduced. The cost of presenteeism to UK employers is estimated at £15 billion per year, or about twice the cost of absenteeism.

The instability of the economic conditions, continuous pressure for innovation and new technologies are unavoidably having negative effects on employee morale and motivation, therefore it is crucial that organisations take steps to maintain, if not increase employee engagement and wellbeing. According to Sanchez (2007), employee engagement is defined as “an outcome of how employees perceive their work, leadership of their organisations, the recognition and rewards they receive, and the communication ethos of the organisation”. The BGL Group introduced the wellbeing programme following an internal employee opinion survey, which asked employees whether they thought BGL took their wellbeing seriously. The subsequent introduction of the wellbeing programme, the BGL Group demonstrated they have an effective communication ethos within the organisation. They have listened to their employees and being listened to suggests that they are valued and respected at work.
Voice is the foundation of sustainable business success. It increases employee engagement, enables effective decision-making and drives

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