Well-being Programs Leave Employees Unsatisfied
In an economy with nearly full employment employers are realizing the workplace must become more holistic. Most current employer well-being programs leave employees unsatisfied, according to a recent Wills Towers Watson survey. Wellness programs that provide a watered-down annual physical are no longer enough for today’s workforce. Employees look for help across a myriad of needs, not just weight and blood pressure.
To escalate efforts to support employee well-being, employers report that over the next three years they will focus on all four components of well-being, including physical, emotional, social, and financial well-being.
Of these, after physical health, emotional well-being is emerging as the number one priority: Nearly six times the number of employers (71%) expect to take steps to improve employees’ emotional well-bring over the next three years, compared with 12% today. Employers plan to start by redesigning existing employee assistance programs (EAPs): 25% have already done so; 14% plan to in 2018; and 23% are considering it for 2019, according to the Best Practices in Health Care Employer Survey.
Regarding employers’ plans to increase support for the remaining components of well-being over the next three years, dramatic shifts are expected to continue: 84% plan steps to improve employees’ physical well-being, up from 27% today; 66% are increasing support to improve financial well-being, up from 16%; and 49% expect to encourage improved social well-being, up from 12%.
“With 44% of employers saying they do not have a formally articulated health and well-being strategy in place today, most will have to move quickly over the next three years to reach the goal of creating an advantage in the competition for talent,” says Julie Stone, a national healthcare practice leader at Willis Towers Watson. “It’s important for employers to start with a holistic, integrated strategy to guide the development of programs across all four dimensions of well-being—physical, emotional, financial, and social—for a healthy, high-performing workforce.”
Source: Most employees unsatisfied with employers’ well-being programs | Managed Healthcare Executive
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