Due to the impact of employee experience on luring and keeping talent, organizations all over the world have placed a premium on it. However, since the pandemic began, the stakes have increased, and naturally, what has emerged as a key differentiator is the level of corporate wellness platform. Additionally, studies have revealed that 82% of businesses globally consider employee wellbeing to be crucial for success.
a proactive strategy for employee health as opposed to a reactive one
Despite the fact that no organization could have foreseen the pandemic, it has made us appreciate the need of being prepared. There are advantages and disadvantages to the present hybrid workplace, but the disadvantages frequently have a severe effect on the health of your employees. Increased screen usage, blurring lines between personal and professional life, and other factors are all significant causes of physical and mental illness.
The group health insurance can help deal with health issues more effectively before they snowball into something serious by including routine preventive health check-ups and free consultations.
expanding the scope of health insurance
Naturally, the financial strain on employees is lessened when group health insurance policies account for pre-existing conditions and cover costs from before to after hospitalization. Medical costs are a major factor when someone is in distress due to illness.
Because of this, workplace cultures and employee experiences are significantly better in organizations that are dedicated to supporting their employees during such trying times. Group health insurance is a holistic strategy that has the potential to change the game because it addresses both physical and mental wellness and has a positive impact on financial wellness.
A digital strategy in a remote workplace
One of the emerging trends in both the area of employee welfare and InsurTech is telemedicine. Online consultations and the usage of digital platforms that provide remote and hybrid workers access to real-time, error-free benefits can be very beneficial to them. Accessibility becomes a crucial factor in wellness initiatives’ ability to deliver on their promised ROI.
Group health insurance policies today acknowledge this and make all facets of the workforce digitally able to receive their benefits, even utilizing WhatsApp bots for the blue-collar workers. By doing this, you can make sure that your wellness initiatives are fair, long-lasting, and beneficial to all parties.
improved recruitment and retention of talent
No firm would argue against this benefit: effective corporate wellness initiatives will lower absenteeism and staff attrition. Feeling like a respected community member whose medical needs are taken care of by the business is a big component of this.
Today’s top talent expects health insurance as a perk from the employers they work with when they enter the job market. The paycheque is important, as we all know, but the workplace culture and employee experience are even more crucial. It is what encourages talent to remain, be effective, and more firmly accomplish company objectives.
