The COVID-19 pandemic forced employers and employees alike to adapt to a new way of working. This means working from home, at least part of the time for many. Now that some employees are starting to return to the office, employers are focused on keeping them safe and healthy.
According to the 13th Annual Employer-Sponsored Health & Well-Being Survey, 83% of respondents stated that employee well-being would play a significant role during the return. As employees adjust to working in an office again, employers will face new challenges, even as many are being proactive in addressing them.
Many companies are instituting a variety of initiatives, such as mental health (91%), physical health (60%), and work/life balance (57%). In addition, 60% of the organizations surveyed stated that most of their employees would work under a hybrid model in 2022. Of these, 50% said they expected their hybrid workers to be in the office three days per week.
Over half of the respondents also stated they would be focusing on job satisfaction as part of their well-being program.
Large Employers Increase Well-Being Budgets
Employers with over 20,000 employees increased their 2022 budgets for well-being programs to $11 million, compared to $10.5 million in 2021. Incentives are still a significant part of well-being programs, with the average financial incentive rising by 22% to $823 per employee.
Asked why they were implementing these well-being programs, most employers cited increasing productivity (68%), lowering health risks (63%), and managing healthcare costs (52%). However, 39% stated their goal was to improve their company’s reputation and brand.
For more employee benefits solutions, contact INSURICA today.
Copyright © 2022 Smarts Publishing. This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2023 Zywave, Inc. All rights reserved.
About the Author
Share This Story
Related Blogs
School Security on Election Day: Best Practices for Polling Place Safety
Schools often serve as polling places during elections, which presents unique safety challenges. While supporting the election process is important, ensuring the security of students and staff remains the top priority. By coordinating closely with election officials and implementing key safety protocols, schools can strike a balance between facilitating voting and maintaining a secure environment. Below are practical steps schools can take before, during, and after polling day.
Navigating Cybersecurity Challenges in the Construction Industry
The construction industry is continuously moving toward digitization, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modeling software. These innovations help to automate tasks, reduce waste and improve efficiency, productivity and safety.
Open Enrollment 2025 – Health Savings Accounts (HSAs)
There are many advantages to selecting an HDHP/HSA option at open enrollment time—for example, HSAs have three levels of tax savings and HDHPs typically have lower monthly premiums.