AIA Singapore’s latest Corporate Wellness Study has uncovered significant gaps in workplace wellness programmes, particularly in mental and financial wellness offerings. The study, released today, highlights a misalignment between what employees value and what employers provide, with mental wellness programmes being underutilised despite their availability in 83% of organisations.
The study reveals that whilst mental wellness is highly valued, only 67% of employees utilise these programmes, compared to higher engagement in physical, social, and financial wellness initiatives. This underutilisation is concerning, as poor mental health can lead to productivity losses of up to 40%. Kenneth Tan, Chief Corporate Solutions Officer at AIA Singapore, emphasised the need for employers to address barriers such as time constraints and poor accessibility to improve participation.
Financial wellness programmes are also underprovided, with only 51% of employers offering them despite strong employee demand. This gap presents an opportunity for businesses to better support their workforce, especially in an uncertain economic climate.
As companies plan to expand wellness offerings, awareness remains a challenge, with less than 30% of employees aware of existing programmes. Improved communication and customised solutions could enhance engagement, reflecting a growing recognition of the importance of tailored wellness initiatives. AIA Singapore’s WorkWell programme aims to address these needs by supporting employees’ physical, mental, financial, and social health.
