Industry Analysis & Industry Trends
During the past decade, there has been academic research and media attention on the costs imposed on businesses by illness and injury among workforces. According to the Health and Safety Executive, work-related illness and injury resulted in the loss of 27.3 million working days in 2014-15, costing over £14 billion. Businesses have gradually come to realise the role corporate wellness services can play in reducing these costs, which has encouraged firms to invest in the industry's services.
Growth was somewhat constrained during the start of the period as the economic downturn negatively influenced demand for the industry's services... purchase to read more
Industry Report - Industry Analysis Chapter
The Corporate Wellness Services industry grew during the past five years, supported by a relatively high level of health consciousness and the rising awareness of the benefits of promoting health and well-being in the workplace. However, industry growth was restricted during the start of the period on account of relatively high levels of unemployment, falling real incomes and the incidence of businesses slashing non-core expenses on services like those provided by the industry. The industry gathered momentum during the following years as rebounding economic conditions and lower unemployment levels allowed businesses to increase spending. Nevertheless, further job cuts in the financial services sector, which is an important market for the industry, restricted growth to some extent... purchase to read more