The results of the Spring Barometer 2019 are out
Over 100 businesses in the region took part in the latest Thames Valley Business Barometer which ran from March to May 2019. In this report we focused on economic confidence, business performance, as well as employee wellbeing in the workplace.
What is the Thames Valley Business Barometer?
The Thames Valley Business Barometer is a collaboration between BDO LLP and C8 Consulting, providing a snapshot of business and economic confidence in the Thames Valley twice a year.
As well as focusing on economic confidence, growth and employment intentions, the Spring 2019 Barometer put the spotlight on employee wellbeing; the importance of wellbeing in the workplace is being increasingly recognised, and many companies are looking at practices to increase the wellbeing of their staff. For this reason, it seemed only right that this should be our themed topic for our survey, so we can get a local level perspective on a topic that affects every one of us.
The barometer survey was open to Thames Valley businesses for six weeks.
First Half 2019 Barometer Results – Employee Wellbeing Trends
Our latest Thames Valley Business Barometer report published today shows business confidence at its lowest level since the Barometer Survey began with 63% of respondents feeling that confidence had dropped since late 2018.
However, business performance over the previous six months remained relatively strong with 36% telling us that their business pipeline had increased. 43% seeing turnover rise and 51% seeing profitability improve.
This most recent barometer took place between March and May and when we discussed the results with our panel of business leaders it was felt that many companies have been tightening their belts since the start of the year and that many longer-term projects and investment decisions have been deferred, at least for now.
The barometer also looked at health and wellbeing in the workplace so that we could get a local perspective of how businesses are addressing an issue that affects every one of us. We asked companies if and how they encourage employees to be mentally and physically healthy at work.
Almost 90% of those surveyed think that as employers they have a responsibility to encourage their employees to be healthy. For 48% of respondents, sickness absence is an issue for the effective day to day operation and productivity of their organisation, while 71% of those surveyed said that the financial benefits of spending money on their employees’ health and wellbeing outweigh the costs to the business.
104 businesses across the Thames Valley took part in the Barometer survey. Kymira, A10 Networks, Qdot, Pro-Counselling and WebTMS are also profiled in the report, sharing their perspectives on their own performance and wellbeing practices in the workplace.
To find out more about the report or to be profiled in the next Barometer please also contact Paula Elliott, MD, C8 Consulting.
View previous editions of the report:
- The Changing Dynamics of Wellbeing in the Workplace – July 2019
- Cybersecurity Trends – January 2019
- Environmental Practices in the Workplace – August 2018
- The Changing Workplace – January 2018
- Data Protection and GDPR – July 2017
- Leaving the EU – January 2017
- Diversity in the Workplace – June 2016
- Skills Education and Recruitment – April 2016
- Flexible Working in the Thames Valley – December 2015
- Recruitment and Retention in the Thames Valley – June 2015
- Doing Business in the Thames Valley – December 2014
- Going to Market Strategies – June 2014
- Innovation and Performance – December 2013
- Financing the Business and Funding Growth – April 2013
Thames Valley Business
Barometer Panel Members
- Activate Learning
- Boyes Turner
- BtL Communication
- Carbon Black
- CH&Co Convatec
- Diamond Light Source
- Henley Business School
- Hewland Engineering
- Hicks Baker
- HR Wallingford
- Integris Financial Recruitment
- International Brand Development Council
- J Bennett & Sons
- Medical Supermarket
- Morgan Lovell
- Ocean Consulting
- Oxford Space Systems
- Oxfordshire LEP
- Pitmans LLP
- Snaffling Pig
- Stoke Park
- Thames Valley Science Park
- The Business Magazine
- The Romans Group
- UK Property Forum
- UTC Reading