Health and wellbeing support tops employee benefits listRemote working means millions of workers can now access new roles that were previously geographically off-limits. Alongside this, employees are increasingly looking for roles that suit their personal needs and values. Higher wages alone are no longer the only solution in attracting and retaining talent as people look for a better work-life balance and company fit.
Companies are increasingly recognising that they need to provide solutions that bring out the best from their employees and ensure they feel valued.
So, what does this mean for employee health benefits?
A recent poll by Employe Benefits found that a whopping 91% of organisations are planning to introduce new employee health benefits this year. A further 6% of those polled said they were considering doing so, while just 3% said this was not something on their agenda for 2022.
It seems employers are beginning to look beyond the pandemic and that employee health remains a top priority.
In fact, a recent survey confirms that the type of benefits workers would most like to see are those that help them manage their own health and wellbeing. Just over half (51%) of those polled say they find these type of benefits to be the most attractive. That’s more than further training and career development, and reward and discount schemes.
Delving deeper into the data, the highest rise in popularity for a health benefit over the last two years was for remote GP services: 13.5% of workers wanted their employer to provide this benefit, an increase of 264.2%. And it’s no wonder, with the NHS struggling with record waiting times.
The Great Resignation
The rapid changes taking place across the world over the last two years have included the work from home revolution. The aftershocks have triggered a new challenge for businesses over employee retention. The Great Resignation refers to the high levels of talent migration many businesses are experiencing.
This is in part due to employees who perhaps have enjoyed working from home, but who don’t want to return to the office or 9 to 5 and are choosing a more flexible working pattern offered by other employers. This has triggered a shortage in some companies and increased workloads and pressure for remaining employees.
SHRM knowledge adviser John Dooney told Vox: “The challenge [now] is there’s a higher percentage of folks resigning, therefore there’s more work to be distributed, and it’s just taking longer to hire people.”
All this means that employee health benefits are becoming more important if you hope to recruit and retain talent. By promoting an attractive employee health benefits package you can help mitigate the impact of the Great Resignation. As a leader in your organisation, you can make a real difference to your workforce by implementing the right employee wellbeing strategy supported with health benefits that are valued and actually used.
In partnership with Health Shield
At Health Shield we're passionate about improving people's everyday health.