Several of the UK’s biggest business leaders are behind an exciting new online tool designed to help companies properly address their approach to workplace wellbeing, improve staff morale, productivity and reduce costs.
Based in Leicestershire, Grasp the Nettle is the new management consultancy behind the innovative new product “Wellonomics” and is the brainchild of partners Steve Dean, Peter Yates-Round and Graham Wheeler.
Wellonomics enables employers to carry out confidential individual wellbeing assessments online, the results of which provide a valuable insight to the real status of their company’s morale and areas in need of improvement.
Co-founders Dean and Yates-Round have a combined 50 years of quality leadership experience between them in the highly competitive motor trade, including top management roles at UK car giant Lookers Plc and at Audi UK. Chief Executive Officer Graham Wheeler’s career spans 30 years across a range of major blue-chip companies including Barclays, General Motors, Volkswagen and Jaguar Land Rover.
Collaborating to find a targeted, simple and cost-effective online solution to help businesses introduce a coherent approach to monitor and improve staff wellbeing and improve outcomes across a range of areas, their new company, Grasp the Nettle, has also joined forces with Acacia Training as the sole training provider to support a UK rollout.
Based in Trentham, Staffordshire, Acacia Training delivers high quality business support training across the UK.
Co-Founder of Grasp the Nettle, Peter Yates-Round, said:
“High staff attrition, low productivity and a lack of engagement with management has been a constant worry for a lot of businesses.
“Many staff surveys, which often have low engagement rates and data which rapidly becomes outdated, are no longer fit for purpose.
“Wellonomics offers an antidote by providing a responsive, intuitive way to help leaders identify trends within their business. It gives employees an easy, confidential way to have their say and employers the tools they need to easily identify and implement change.
According to the Mental Health Foundation one in seven people experience mental health problems in the workplace and evidence suggests 13% of all sickness days in the UK are attributed to mental health conditions.
The Centre for Mental Health charity estimates that by improving the management of wellbeing in the workplace costs associated with mental health issues, lost productivity and staff attrition could be cut by a third.
With an increasing awareness of wellbeing and encouragement of the conversation around wellbeing and mental health, there has never been a more appropriate time to introduce this to the workplace.
“Wellonomics is unique in that it protects employee confidentiality and provides leaders with up-to-the-minute feedback on how their teams are feeling,” Peter Yates-Round said. “We were delighted to see how well it has been received at Acacia Training and now we’re looking forward to introducing it to business leaders in all sectors so that they – and their employees – can benefit.”