Pulse July/August 2024 | Page 40

INDUSTRY TRENDS AND RESEARCH

Trends in Business Well-being

STRAIGHT FROM THE LEADING BUSINESS PUBLICATIONS , Pulse brings you the most exciting trends and news shaping the spa industry . From the surging demand for holistic wellness to the innovative fusion of sustainability and hospitality in spa operations , here are the top stories you need to know to stay ahead of the curve . Dive into these updates to see how corporate life is evolving and how you can leverage these trends to enhance your spa business .
I Think This Will Fix Me
SOURCE : HARPER ’ S MAGAZINE https :// www . harpersbazaar . com / beauty / a60247084 / wellness-culture-trends-2024-review /
The wellness industry has seen explosive growth , with the global market valued at $ 1.8 trillion and expected to grow significantly each year . The article examines the societal obsession with wellness and mental health , questioning the effectiveness of various wellness practices and products . The author suggests that wellness , marketed as a product to be purchased , creates unrealistic expectations and can exacerbate mental health issues . True healing , according to some experts , involves integrating wellness practices into daily life and focusing on overall life satisfaction rather than constantly seeking to fix oneself . employee engagement and healthcare utilization . Highwell-being communities and workforces thrive across five critical elements , providing a model for leaders to enhance the health and productivity of their employees and constituents . By studying and adopting the practices of high-wellbeing groups , leaders can drive significant improvements in their organizations and communities .
Embracing Nature-Positive Business Practices
SOURCE : PRICEWATERHOUSECOOPERS ( PWC ) https :// www . pwc . com / gx / en / issues / reinventing-the-future / take-on-tomorrow / nature-positive-podcast-episode . html
In a recent episode of PwC ’ s podcast , hosts Lizzie and Ayesha engaged in a thought-provoking discussion with renowned climate scientist Johan Rockström and PwC ’ s Daniel O ’ Brien . They delved into the essential relationship between nature and business — especially in industries with sustainability-conscious consumers . The conversation highlighted actionable steps that organizations can take not only to prevent nature loss but also to build resilience and generate value in the face of environmental challenges . This episode underscored the importance of integrating naturepositive strategies into business models to ensure long-term sustainability and success .
The Economics of Well-being : Why It Matters for Business and Community Leaders
SOURCE : GALLUP https :// www . gallup . com / analytics / 608741 / wellbeing-practice-hub . aspx
Well-being is crucial , as Gallup ’ s research shows , with an influence on a wide range of outcomes for individuals , communities and organizations . Survey data reveal that subjective well-being correlates with the rates of crime , high school graduation , teen pregnancy and unemployment , as well as life expectancy and even voting patterns . In the workplace , it predicts absenteeism , performance , turnover ,
38 PULSE n JULY / AUGUST 2024