If there is only one thing that COVID-19 has highlighted, it’s that there is nothing more important than our health and wellbeing. As such, employees everywhere demand benefits that help make life’s everyday challenges easier.
Results from our survey of over 19,000 employees and HR leaders reveal that health and wellness benefits are considered second only to working hours and leave as the most important employee benefit across all generations.
In the 2020 Deloitte Global Human Capital Trends survey, 80% of the nearly 9,000 survey respondents identify employee wellbeing as important or very important to their organization’s success.
Before the corona pandemic, a report from 2017 exploring trends and shifts in thinking about employee financial benefits revealed that 56% of employees were very or somewhat stressed about their financial situation.
Today, with the ongoing situation, this number is likely to be even higher with less job security, layoffs worldwide, and many employees forced to reduce their working hours.
Financial wellbeing or economic security is a vital component of our overall well-being. After all, it’s unlikely we will experience high levels of well-being if stressed about our finances. …
A positive workplace culture is one where employees feel connected to the organization, its values and mission, and their colleagues.
While there has been a lot of discussion in recent years about how exactly to build a positive workplace culture, to be successful, first and above all else, there must be psychological safety. In brief, psychological safety means that employees feel safe to be themselves, feel safe to speak up, use their voice and feel as though they matter.
Harvard Business Review conducted research on the qualities of a positive workplace culture and found that the following were essential:
During this time of uncertainty, and when many people have been forced to reduce their hours or lost their jobs, it’s not surprising that our financial wellness can take a hit. A recent study reveals that nearly four in 10 Europeans have had their employment affected by COVID-19, while more than half (54%) have seen a decrease in household income.
Even if you’re one of the lucky ones and your job is considered safe, feeling secure about your financial situation can be tough if you’re unaware of the benefits and financial programs offered to you by your employer.
The ongoing effects of the COVID-19 pandemic are having a significant impact on the world’s mental and physical health. In addition to tough lockdowns and severely restricted contact with family and friends, many have lost their jobs or been forced to significantly reduce their working hours, adding to an already stressful and uncertain time.
Fortunately, today, more and more employers are taking the necessary steps to look after their employees’ wellbeing. In fact, Bank of America’s 2020 Workplace Benefits Report reveals that 62% of employers say they feel “extremely” responsible for their employees’ financial wellness today.
Among the myriad of…
Throughout the employee lifecycle — from recruitment and onboarding to development opportunities and offboarding — technology and data play an essential role in employee experience. Among many things, technology and data not only helps employers understand and meet employee needs but also improve employee performance.
Despite the challenges that COVID-19 has presented us with, thanks to technology, productivity levels are as high as before or, in some cases, even higher. According to a recent study by global management consulting firm BCG, which surveyed 12,000 employees about the future of remote work, 75% said that during the first few months of…
Forward-thinking organizations know how employee benefits can support employee wellbeing, increase employee engagement, and even create employee advocacy. However, to do any of these things, the benefits offered by employers must resonate with their employees.
So, what benefits are most important to employees? As we share in our Benefits and Engagement report, the answer to this question is complicated.
To compile the report, we surveyed approximately 5,000 participants aged 18 and over in the UK, Germany, and Sweden. …
In this article, we asked HR professionals from several leading organizations for their best practice tips on how they reach and engage their workforce with their communications. Their responses conclude that to be effective, employee communication must be:
Let’s look at what they had to say in more detail:
Ambea is one of the leading care companies in the Nordics. However, with multidisciplinary teams and a widespread workforce, reaching employees quickly and making them feel part of the same company had been a challenge.
A new year brings new hope and new optimism…and, for many of us, a new way of working.
For most people, 2020 saw our work lives changed, with entire workforces working from home due to the pandemic. While the dust is still yet to settle, remote working and greater work flexibility are set to be the new norm. When 900 HR leaders were asked whether they intend to allow employees to continue working from home even when it is no longer necessary, 77% responded “yes.”
2021 provides employers with the chance to hit reset, implement new strategies, reinvigorate employees, and…
Almost 12 months after the initial Covid-19 outbreak, and with the long-term future still uncertain, every company is now working in ways that are far different from how they were previously. In fact, many employers and employees are still trying to find ways to adapt to the current situation while simultaneously keeping things moving.
One of the most apparent changes for most of us has been the change in our working environment. Before Covid-19, many employers had reservations about allowing employees to work from home, concerned about employees’ productivity. But following government and health authorities’ recommendations, remote working quickly became…