Workplace wellbeing could generate US$ 11.7 trillion globally

Improving employee health and wellbeing through measures such as wellness benefits and increased flexibility could generate up to US$ 11.7 trillion in global economic value. This estimate is featured in the International Labour Organization (ILO) report titled ‘Care to Compete’.

The report indicates that companies implementing robust care and support policies tend to see positive results in productivity and employee engagement. Creating work environments that address professional care needs can help reduce turnover while strengthening motivation and collaboration.

In this context, policies like comprehensive leave, flexibility, and wellbeing initiatives are evolving from mere corporate benefits into core competitiveness strategies. Furthermore, organizations demonstrating concern for employees can strengthen consumer relationships, increase brand pride among staff, and become more attractive to socially responsible investors. Daniel Maximilian Da Costa, founder and CEO of the Latin American Quality Institute (LAQI), noted that these findings reinforce the need for people-centric valuation to occupy a strategic position in business management.