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9 hours ago
Deductibles, coinsurance, and high out-of-pocket maximums have a regressive impact on lower-paid employees. A health plan with a $1,200 deductible and a $6,000 OOP maximum - which is a ...
27 hours ago
Customization and flexibility - the ability to customize one's health insurance to fit their personal needs - are vital to financial wellness. In our survey of 5,000 European employees last year, The Benefits and Engagement Report, 75% of employees in Sweden, 66% in the UK and 63% in Germany said it would be helpful if they could adjust their ...
34 hours ago
Employee Engagement Profiles Before we analyze how health and well-being benefits impact employee engagement, we must first define our employee engagement profiles.
30 hours ago
Using standard assumptions related to the impact of employee performance on business performance (high performers' business contribution relative to average performers is equivalent to 40% of their annual salary), we estimated that moderate improvements in health and wellness result in a productivity gain of 5%, or about $3,500 per employee ...
11 hours ago
The impact of employee financial health at work. The 2017/2018 Willis Towers Watson Global Benefits Attitude Survey shows a clear relationship between employees' financial worries and their work performance, engagement and absence. Specifically, the survey finds that employees who are financially struggling:
27 hours ago
May 1, 2020If employers hope to cultivate high employee well-being, which evidence shows leads to higher workplace engagement and many other bottom line benefits, first dollar, no-deductible health insurance ...
8 hours ago
Jul 3, 2018Gone are the days of the one-size-fits-all approach to health insurance and employee benefits. Today's employees want to keep their doctors and access to hospitals and other wellness services ...
11 hours ago
One of the main reasons employee wellness programs exist to help reduce healthcare costs. Today there is more scientific evidence than ever to support the ability of corporate wellness programs to improve employee health, reduce elevated health risks, and reduce healthcare costs.. These epidemiology studies use population databases to look at the relationships between health behaviors and how ...
1 hours ago
I have been a workplace wellness consultant for 20+ years, including for Toronto Public Health, Public Health Agency of Canada, World Health Organization, consulting companies, etc. I'd love to see high quality research that includes the biggest factors that impact employee health and ROI, namely interventions that have the largest positive ...
2 hours ago
A Virgin HealthMiles/Workforce survey did find that about 87% of employees said they consider health and well-being offerings when choosing an employer. But compared to other defined benefits, well-being plans just don't have much sway in the employment decision process. However, well-being programs do have a strong impact on retention.