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In efforts to boost better attraction and retention, many employers are adjusting priorities towards improving employee health and satisfaction.
A recent study published by the Integrated Benefits Institute (IBI), which analyzed survey data from 305 HR professionals in the U.S., found that 51% of employers now view employee satisfaction as their organization’s most important goal. This suggests that employers are recognizing a direct link between employee well-being and organizational success. The study also points to challenges that employers face in implementing effective wellness programs, balancing quality with cost, and addressing diverse workforce needs.
The data suggests a heightened focus on employees’ mental health, emotional support, financial well-being, and work-life balance. This change in focus is driven in part by rising healthcare costs, but it was also influenced heavily by the COVID-19 pandemic — which has further influenced businesses strategies, with 68% of companies reporting a significant or moderate impact on their benefits programs.
Interestingly, the study reveals demographic differences in satisfaction rates and interests, indicating that an umbrella approach to employee wellness is no longer viable. The data reveals that employees who were 30-45 years old reported the highest satisfaction rates (88%). This group was found to be most interested in work-life balance (28%), financial wellbeing assistance (19%), and health education (18%).
The data reveals that younger employees (under 30 years old) prioritize work-life balance and wellness programs, while older demographics (ages 46-55, and 55 years and older) focus on preventative screenings and financial assistance.
Studies such as IBI’s could influence employers to re-evaluate work policies and programs to better align with productivity, growth, and efficiency goals. The trends towards hybrid and remote work likely require a rethinking of work arrangements depending on the type of business, and there might even be a greater focus on upskilling and talent development.
