Barnett Waddingham has launched a tool which identifies a company's specific health risks and recommends strategies to form an overall wellbeing plan.
The employee benefits and pensions consultancy unveiled BWell, a data analysis tool, which projects future insurance premiums and analyses corporate demographics to determine the health risks of a company's workforce.
Barnett Waddingham said this "tailored approach allows a company to develop a wellbeing strategy that is unique to its workforce and in particular to the health risks of its staff."
Carl Chapman, head of wellbeing at Barnett Waddingham, said: "Wellbeing has often been viewed as a fluffy concept, but this view is now changing. More and more firms are beginning to understand that employee wellbeing can directly impact on their profits and overall success.
"As a result, increasingly, employee wellbeing is finding itself climbing the ladder of importance on many HR professionals' agendas, particularly now that auto-enrolment has passed for many larger corporates."
