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Published on 20/03/2019 4:57:58 PM | Source: Dion Global Solutions Ltd.

Wellness industry grew to USD 4.2 tn in 2017: Colliers International India

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Across Asia, wellness is now increasingly considered a key component of the employee experience. As per industry estimates, about 75 pc of millennials assign significant importance to wellness factors at work - something not to be ignored by leadership looking to recruit and retain top talent. As the concept of wellness gains ground, companies are starting to measure and report on the links between wellness and financial performance, often through the reduction of employee absenteeism.

In India, for example, estimates put savings from wellness initiatives alone at up to USD 20 billion last year. "Wellness will become more integral to the workplace as technological advancements continue to extend the possibilities and ease the implementation of fresh initiatives, as well as better measure their efficacy in terms of improved health, productivity and financial performance," says Ritesh Sachdev, Senior Executive Director, Occupier Services at Colliers International India.

As the concept of wellness gains ground, companies are starting to measure and report on the links between wellness and financial performance, often through the reduction of employee absenteeism. In India, for example, estimates put savings from wellness initiatives alone at up to USD 20 billion last year.