The market for wearable gadgets, such as smartwatches and fitness bands, is increasing globally at lightning pace – expected to hit US$5.8 billion by 2018.
PMI Health Group, a division of Willis Towers Watson, suggests that this popularity is translating to the workplace, with London going full steam ahead as employers see a great opportunity to use wearable technology to measure employee health and wellbeing.
Director at PMI Health Group, Mike Blake, said “Wearables have become commonplace in recent years and their popularity provides employers with a golden opportunity to collect valuable data that can be used to improve health and wellbeing,”
“It appears businesses in London have been quick to embrace this and we have already seen many examples of company-funded wearable schemes, where employees accept devices in the understanding that the data generated will be shared with their employers.
“Such initiatives can form part of wider health and wellbeing programmes, helping businesses to identify areas of risk and empower staff to take positive action. Not only could this enable a more proactive approach to absence management, tackling worrying trends before they become problematic, but it could also help to reduce claims and health insurance costs in the long term.”
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