Organisations are still only spending on average £150 per employee a year on health and wellbeing, according to a recent report by Westfield Health. While some progress has been made in recent years, and particularly in the past 12 months, my challenge to business leaders now is to be far bolder and more ambitious, building back with health at the heart of your board-level strategy.
Investment in IT and digital infrastructure pre-pandemic was between 8 and 10 per cent of total revenues and over the past year has increased significantly. It’s importance is now accepted as a strategic priority.
Major investment over the past 12 months to ensure a company is fit to deal with the challenges from the pandemic has been essential to ensure productivity remains high and businesses are set up to work seamlessly. Likewise, investment in other critical areas of a business, such as marketing, sales, operations and finance, is high on the agenda for chief executives and ensures business success.