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Why Inclusive Benefits Should be the Cornerstone of Your Workplace Wellness Strategy

0 2 years ago

2021 was the year of The Great Resignation. A record-breaking 47.4 million people voluntarily left their jobs, and the numbers for 2022 are showing little relief for companies in their search to retain talent. Burnout has been cited as the number one reason employees are leaving their jobs, and it has presented itself as a hurdle that companies and HR leaders are facing, with 44% of employees saying that they are more burned out on the job. Burnout can affect not only workplace happiness and satisfaction but also have serious long-term consequences on individual health, leading to poor sleep and ultimately higher risks of heart disease, diabetes, and stroke, as well as anxiety and depression.

In response, employees are reevaluating their priorities around work-life balance; 53% of employees are more likely to prioritize health and well-being over work than before the pandemic. In response, 71% of employers see medical and pharmacy benefits as key assets to combating the “talent tsunami.” These benefits no longer focus just on basic health, vision, and dental but are now incorporating other important aspects of holistic health, including fertility and family-forming benefits, and mental health care. In fact, 88% of employees would switch jobs for a better fertility policy specifically.

Workplace wellness strategies help fight burnout and increase employee satisfaction only if they address deeper health concerns and ensure that everyone in the company can engage equally. And there isn’t a one-size-fits-all solution that solves employee burnout; improving employee health requires a holistic, comprehensive approach. But when HR leaders provide the supportive benefits employees are looking for, we can create workplaces where employees thrive and want to stay.

Here is why inclusive benefits should be the cornerstone of your workplace wellness strategy and what to keep in mind as you work to enhance your benefits:

Healthier Workplaces Start with Diversity and Inclusion

It is a well-known fact that diverse workforces have proven to be more successful and effective. According to Deloitte, diverse companies enjoy 2.3 times higher cash flow per employee, and Gartner found that inclusive teams improve team performance by up to 30 percent in high-diversity environments. In addition to improving a company’s bottom line, diversity and inclusion have also been shown to boost different aspects of well-being, including physical health, coping, happiness, and feeling valued, drawing a direct correlation between diversity and healthier workplaces[8].


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