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Beyond the obvious, here are the business benefits of investing in employee wellbeing
Business Insider
Oxford recently analyzed Indeed’s work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. The findings featured in the 2024 Global Work Wellbeing Report reveal that higher levels of employee wellbeing are associated with improved firm valuation, return on assets, and gross profits. Moreover, companies with higher levels of employee wellbeing collectively outperformed the stock market.
The Indeed-Oxford research also looked into whether happier employees today means better business results later. Based on data from before and after the COVID-19 pandemic, the findings show that companies with happier workers before COVID-19 performed better afterward in all three performance indicators (valuation, return on assets, and gross profits).
Moreover, the Indeed-Oxford research reveals the long-term business benefits of prioritizing employee wellbeing. Indeed further strengthened the business case for work wellbeing with the launch of the Work Wellbeing 100, an index ranking the top 100 publicly traded companies by their Indeed Work Wellbeing Score.