Tech-Driven Solutions in the Global Workplace Wellness Market According to a 2022 survey by the American Psychological Association (APA), 81% of individuals are inclined toward looking for workplaces that support mental health when seeking future job opportunities. In this regard, workplace wellness programs have emerged as a pivotal aspect of modern organizational strategies, recognizing the critical link between employee well-being and business productivity. As per Inkwood Research, the global workplace wellness market is set to register a CAGR of 6.57% between 2023 to 2032, capturing a revenue share of $136345.15 million by 2032.
Building an Emotionally Resilient Workforce | Exploring Tech-Driven Workplace Wellness Solutions As businesses increasingly recognize the importance of mental and physical wellness for their employees, technology has stepped in to offer the necessary assistance. Aligning with this, several large corporates are exploring technological solutions in order to enhance employee health and well-being. These tools have empowered wellness programs to address holistic aspects, including social, physical, financial, as well as emotional health. Let’s examine some leading technology-driven wellness solutions and how they help boost employee productivity, while enhancing the organization’s overall success –
Mental Health Platforms & Applications – Mental health apps, such as Headspace, Calm, Moodfit, etc., are a swiftly emerging resource, providing a wide range of solutions from cognitive behavioral therapy to stress reduction. For example, the app Calm presents an extensive library of resources tailored to battle stress and anxiety, promote healthier sleep cycles, and enhance mindfulness. By integrating Calm into their wellness initiatives, employers can effectively curb stress-related absenteeism, elevate overall employee wellbeing, and boost focus and productivity, leading to a happier and more satisfied workforce. Several leading players in the global workplace wellness market are also contributing to the development and further implementation of mental health and mindfulness apps. For instance, the Virgin Pulse (United States) platform interfaces with a variety of third-party health as well as fitness gadgets and apps, allowing employees to effortlessly sync their data.
Virtual Reality (VR) – Over the years, virtual Reality (VR) has become increasingly popular, mainly owing to the availability of affordable headsets that deliver immersive, high quality experiences. In the workplace setting, VR has demonstrated significant promise in minimizing stress and promoting relaxation. According to a study published in 2022, ‘Virtual Reality as a Tool to Promote Wellbeing in the Workplace, ’ participants reported significantly increased feelings of happiness and relaxation, and decreased feelings of sadness, anger and anxiety following a VR experience. A study by employee communication and engagement technology company Dynamic Signal found that around 80% of workers in the United States were stressed and prepared to quit