One of economists’ favorite, eternal debates is whether money brings happiness. And this week, Thierry Malleret sums up new research from the Office of National Statistics (UK) that concludes that (despite the common wisdom otherwise) it, in fact, does. Up to a point, because not all types of “money” lead to happiness. Read more to find out which types of wealth are most strongly associated with personal wellbeing—and how that shiny sports car isn’t one of them.
A new work reality is unfolding across much of the world: Two dramatically different age groups are increasingly mingling at workplaces—millennials (with their tech-obsessed brains) and Baby Boomers, who are extending their work lives in unprecedented ways. And a key discussion point at the Global Wellness Institute’s “Redefining Workplace Wellness” roundtable was how different their needs are: i.e., millennials demand far more work flexibility and all forms of wellness, while Baby Boomers are a key part of the remote worker surge and migrate in and out of work.
“Young Europeans may die at earlier age than their grandparents, says WHO” – The Guardian, September 23, 2015. For all the excitement about the wellness trend, a recent WHO report indicates that young European people may die at an earlier age than their grandparents if the region fails to curb smoking, drinking and obesity. Different mitigating measures are envisaged, but the pressure for a sugar tax is mounting.
I recently spent three days in Rochester, Minnesota, at Mayo Clinic, finally making good on my promise to Dr. Brent Bauer, who has for many years invited me to visit. I also took his good advice not to plan the trip during winter (not a fan of below-zero weather) and am happy to report I had two beautiful days with sunshine and perfect temperatures.
Thierry Malleret argues that persistent global economic weakness is the “new normal,” straining the financial outlook of countries around the world. The upshot: this will make more “well” populations an increasing imperative for governments and businesses everywhere.
A great new example of action being taken: The UK’s National Health Service, the fifth-biggest employer in the world (and with one of England’s most unhealthy employee populations), has decided that a “healthy workplace” is no longer a “nice to have, but a must-do.” So it’s investing millions in things like healthy food, yoga and Zumba classes for staff.
Read more about how Malleret predicts that two macro forces—ongoing global economic weakness and an aging population—will increasingly make workplace wellness a strategic imperative.
When the experts gathered at the Global Wellness Institute’s (GWI) recent “Redefining Workplace Wellness” roundtable, a key discussion point was how global/multinational workplace wellness initiatives need to toss the cookie-cutter (and U.S.-centric) programs—because if you want to successfully deliver wellness to employees around the world, you need to embrace the local realities and culture. The roundtable shared many specifics: from how Chinese, Indian and Middle Eastern populations have a genetic profile that hits them much harder with obesity and diabetes complications; to how, in Russia, a successful smoking cessation program needs to involve grandma; to how, in countries in Southeast Asia, excluding Ayurveda means excluding the vast majority of the worker population.
