Industry Analysis & Industry Trends
During the past decade, academic research and media attention have focused on the costs imposed on businesses by illness and injury. According to the Health and Safety Executive, work-related illness and injury resulted in 28.2 million working days being lost in 2013-14, and cost 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.
Despite this, industry growth was somewhat restricted during the start of the period as the economic downturn negatively influenced demand for services provided by industry participants... purchase to read more
Industry Report - Industry Analysis Chapter
The Corporate Wellness Services industry grew during the past five years, supported by relatively high 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 due to relatively high levels of unemployment, falling real incomes and 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 restricted growth to some extent because it is an important market for the industry... purchase to read more