Company benefits packages are evolving in order to recruit and retain the best talent. Today’s employee is looking at more than just compensation when choosing a job. When employees feel like their well-being is important and that they are valued by a company, their work reflects it. A recent report from Gallup states that approximately 87% of employees surveyed said they consider health and wellness offerings when choosing an employer. Increasingly more companies are noticing this positive trend and are investing more into diverse health and wellness programs and seeing a clear return on investment (ROI). However, in order for these programs to be the most effective, companies must be aware that just simply providing these basic services is not going to cut it. Here is what you can do for your employees to boost productivity, morale, and loyalty.
1. Promote Healthy Living and Provide Support
In that same Gallup report, studies found that 70% of employees say that wellness programs positively influence the culture at work. Mobile applications, such as Continuwell, empower employees by making it easy for them to access and find your company benefits. Helping employees take advantage of your benefits serves their interests and improves your company’s bottom line. For example, the National Institute of Mental Health states that employers lose $44 billion in costs annually from the impact employees’ depression has on workplace productivity. When a company provides a service for those employees suffering from depression to easily get the help that they need, the company is able to prevent losing some of those costs and increase productivity.
2. Flexible Work Hours and Paid Time Off
The workplace is no longer restricted to the traditional 9 to 5. Studies show that allowing employees to have more control over their schedules to better fit their life leads to greater job satisfaction and less burnout and stress. In addition, with the advancement of technology, more companies now encourage remote employees. In the U.S., 38% of employees state that they are able to work from home at least one day a week. However, it is important that you have an established platform for effective communication. Make it easy for your company to reach and communicate with remote employees. This leads us to our next point.
3. Improve Communication
It is important to communicate with your employees on multiple platforms. What works for one employee may not with others. For example, your younger employees will be more inclined to respond to push notifications on their phone, while older employees will still rely more on traditional email. In addition, segmenting your employee communication will help to make the message more efficient and receptive. Enterprise platforms, such as Continuwell, allow your company to engage and segment employees based on their location, interests, age groups, etc. Your company determines which categories are needed so that your employees can receive customized information.
In order for your company to acquire and retain the best employees, it is vital for you to evaluate and evolve your benefits package. Employees want to know that they are valued and supported, and companies are showing this through diverse health and wellness services. An important component is to ensure that these services be easy to access for the employees, in order to encourage utilization. Providing an enterprise platform that organizes all of your resources and provides an effective system for segmented communication will ensure that your company will stand out.
If you are interested in finding out more about how our enterprise platform can organize your company’s benefits and employee services and help to improve employee productivity, loyalty, and morale, please contact us for more information.