Benefits

Mental Health Check

New research shows the advantages of offering well-being benefits to the multigenerational workforce.

By Wendy Edgar

The rise of the multigenerational workforce brings a variety of opportunities for organizations and employees alike, especially when it comes to benefits offerings. What’s more, amid the current COVID-19 pandemic, people are looking to their companies for tools and resources to support their lives both inside and outside of work.

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Peaceful State of Mind

Embracing mindfulness training in the workplace can reduce stress, increase collaboration, and improve focus.

By Tara Antonipillai

Stress is unfortunately a part of everyday life, and the current uncertainty only makes it more present. The American Psychological Association polls Americans each year on their stress levels and what causes them. In 2019, as in prior years, work was at the top of the list, with 60 percent of those polled reporting that work causes high levels of stress.

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The World of Benefits

benefits

Organizations are expanding the scope of their benefits offerings to attract and retain top talent.

By Marta Chmielowicz

Faced with increased competition for talent and a diverse labor pool, organizations are pressured to provide benefits programs that meet the needs of all their workers. While health and retirement benefits are still the norm, SHRM’s 2019 Employee Benefits survey reveals that today’s top employers are moving beyond standard offerings in order to attract and retain a competitive workforce.

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Are You Talking to Me?

An individualized approach to health and well-being benefits can drive engagement in a multigenerational workforce.

By Marta Chmielowicz

Facing rising costs of living and significant transformation in the world of work, today’s employees are more stressed than ever. According to Welltok’s Well-being Wake-Up Report, 64 percent of all employees say they feel stressed at work—including 63 percent of baby boomers and 57 percent of millennials. In fact, 35 percent of all employees and 50 percent of millennials have seriously considered switching jobs due to stress.

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A Connected Culture

Ally Financial

Ally Financial is redefining its benefits program to meet the needs of the modern family.

By Kathie Patterson

An organization’s culture and purpose are key driving factors in attracting and retaining talent, and this is particularly the case with top millennial and Generation Z workers. While all employees may want the same things regardless of age, younger generations are more vocal about what they need from their employers and have called on companies to be more thoughtful and willing to evolve with today’s changing society.

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Mental Health Check

Organisations are starting to prioritise the holistic well-being of their employees, adapting their cultures and benefits to support mental health wellness.

By Simon Kent

Awareness of mental health in the workplace has undoubtedly grown over the past few years. Headlines have been made and even Britain’s own royal family has contributed to the discussion. According to Sophie Hennekam, professor of management at Audencia Business School in France, the World Health Organisation has estimated that mental health conditions cost the global economy $1 trillion in lost productivity each year. In Europe, employees with mental disorders report 3.1 absenteeism days per month compared to one day per month among those without mental health issues. However, despite increasing awareness and the high cost of neglecting mental health, “Surprisingly little is known about how individuals with mental health conditions navigate the workplace,” she says.

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Benefits Empowerment

Enrollment

Strategies that encourage proactive employee participation during open enrollment.

By Rob Grubka

During open enrollment season, employees have to choose from an average of 15 benefits, at least three of which are healthcare insurance. And according to PlanSource, that number is even higher at larger organizations. With competing demands on employees’ time, many workers opt to simply stick with the same benefits year after year or choose only their basic medical, dental, and vision insurances, skipping over valuable supplemental benefits that can have a true impact on their financial wellness.

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Going Beyond Basic Benefits

Family-friendly benefits

Organizations are starting to offer packages that support the complex lives of employees.

By Marta Chmielowicz

Today’s employees do not leave their lives at the door—they bring their whole selves to work. And increasingly, they expect their employers to offer a diverse range of benefits that support them physically, emotionally, socially, and financially. From offering extended paid paternity leave to helping employees financially plan for their children’s college educations, organizations are beginning to embrace new and innovative family-friendly benefits.

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Meeting All Employees’ Needs

Disability

A robust absence and disability management program can ensure even nontraditional workers remain healthy and productive.

By Melissa Oliver-Janiak

Maintaining the flexibility that today’s workers demand comes with many challenges for employers. In particular for HR, the competitive economy is putting more pressure on organizations to be prepared when nontraditional employees (remote and temporary workers) experience a disability or absence issue. Developing a robust absence and disability management program is a critical and cost-effective way to help organizations address all employees’ health needs.

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