CONCERNS over the mental impact of the cost-of-living on its staff has led a Stratford hotel to launch a new wellbeing strategy.
The Arden Hotel, part of the Eden Hotel Collection, launches its Employee Wellbeing Strategy this week following the biggest response to a staff survey in its history.
It found 81 per cent of respondents across the hotel group are negatively affected by the current financial situation, 62 per cent of respondents reported to suffer from stress and anxiety as a result, and more than half (59 per cent) feared they could not meet monthly expenses as energy prices soar.
Among the key changes include the creation of new Wellbeing Champions at Arden and every hotel, altering the distribution of gratuities to monthly to offer a more regular cash boost, and introducing a new benefits portal Wagestream – a financial wellbeing platform to give employees instant access to track and manage their earnings.
The strategy is based on four key support themes – money, mind, body and heart – and is the latest step the hotel group has taken to support its staff after announcing two pay rises totalling up to 14 per cent earlier this year, and launching a new employee wellbeing website with support and resources, highlighting self-help books and podcasts.
Lisa Redding, Head of Human Resources at Eden Hotel Collection, which has hotels in Warwickshire, Gloucestershire and Devon, said:
“One of our core values as a company is caring for our people and we are more focused on this now than ever before.
“The lasting impact of the pandemic coupled with the cost-of-living crisis can leave you feeling helpless as an employer, but for us it is about asking ourselves what else can we do to help.
“When we sent our wellbeing survey, we did not envisage it would have the biggest response to any survey we have ever had, but that really re-affirmed our desire to respond to the current climate and needs of our teams.
“It is not just about increasing pay, it is also about helping in other ways, supporting their financial and mental wellbeing by making changes to the way we work and providing them with the relevant advice and resources.”
Other measures in the strategy include new health plans for employees, free flu vaccinations and discounted gym memberships, training staff as mental health first aiders, adopting new family-friendly policies, introducing support around menopause, domestic violence and promoting men’s health, as well as improving free staff meals to provide more nutritional food.
Group Managing Director Mark Chambers said: “As we emerge out of a pandemic and into a cost-of-living crisis, businesses undoubtedly need more support – but so do our people.
“We have an incredible workforce of more than 450 colleagues who are integral to making our hotels the warm and welcoming places they are.
“The measures we are introducing are a direct result of responses to our survey, so I am incredibly proud to launch our new Wellbeing Strategy that will see us through the current financial crisis and beyond, becoming an integral part of our culture moving forwards.”