Barclays and BT top for engagement
Barclays Plc (BARC), British Land Co., BT Group Plc (BT/A), Johnson Matthey Plc (JMAT) and Royal Bank of Scotland Group Plc (RBS) lead the U.K.’s largest companies on how they report employee engagement and wellbeing, according to a new index.
The five businesses achieved higher scores than other companies in the FTSE 100 Index, according to a report published today by Business in the Community, a charity with more than 850 corporate members. The study scores companies based on public information available about engagement and wellness, and doesn’t judge the efficacy of the programs.
The group’s research shows that companies with “robust reporting” of engagement with workers produce investor returns that are better than average. Operating margin improvement is also evident at companies with strong programs, BITC said, citing Towers Watson global research.
“We expect to see significant benefits for individuals and our overall businesses to consolidate and formalize public reporting of wellbeing and engagement levels in our organizations,” Irwin Lee, managing director of Procter & Gamble U.K. said in an e-mailed statement. Lee is chairman of the BITC Workwell team.
Companies scored highest in reporting diversity and inclusion practices, at 50 percent on average, followed by health and safety indicators. The lowest score was for the reporting of provisions of specialist support, including mental health, with a 9 percent showing.
“The results show a critical need to increase the transparency of how employee engagement and wellbeing practices are reported,” BITC said in a statement. The poor result in specialist support, such as employee assistance programs,“raises concerns about organizational resilience as employees face high levels of stress in the current economic climate and the associated costs continue to rise.”
Companies scored an average of 21 percent in the BITC Workwell FTSE 100 benchmark. One-third of FTSE 100 firms“proactively took part in the survey,” according to BITC, which offers to work with organizations to improve reporting practices.