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Psychology at Work

In: Business and Management

Submitted By olgau1989
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The Wellbeing Programme

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

Psychology at Work

09677358

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 and personal accident cover. It employs more than 3,000 people in several different locations.

Despite the organisations continued success through increased profits, they remain focused on employee engagement and Corporate Social Responsibility (CSR). In 2010, BGL have introduced the ‘My Wellbeing’ programme, which consisted of four main pillars; My Health, My Fitness, My Happiness and My Relaxation and Energy. BGL states that the programme is of ‘central importance to their CSR focused strategy’.

CSR is rapidly gaining recognition all over the world, where the organisations are expected not only fulfil their legal obligations but to voluntarily take further steps to improve the quality of life for the employees and their families as well as for the local community and society at large.

WELLBEING AND STRESS

The economic and health costs of stressful work environments may be much greater than many suspect. Cardiovascular illness has been strongly implicated as a potential health outcome for those exposed to stressful work conditions (Karasek, 1979). In Britain, heart disease accounts for a loss of 70

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