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According to a June 2021 research study from One Medical, 65% of workers would give up bonuses, paid vacation, and flexible hours for better healthcare benefits.
One of the results of the pandemic is that many people now realize the importance of their health and the health of those they’re closest to. Given this shift, it’s no surprise that health and well-being have risen to the top of the priority list for many workers.
However, workers also want more from the companies that are responsible for their benefits. Many aren’t completely satisfied with their healthcare benefits and expect their employers to improve their healthcare options now that well-being is a top priority for them.
While 85% of HR leaders believe their company is invested in the physical and mental health of its workforce, just 32% of employees rate their healthcare benefits as “excellent” and less than two-thirds believe their company is invested in their physical health (64%) and mental health (63%). Other findings reveal that employees are, in fact, desperate for better healthcare. This should be a strong signal to employers that a change is badly needed – and soon.
The vast majority of workers noted the importance of affordability (89%), ease of using their benefits (89%), top quality and trustworthy providers (87%), fast (86%) and convenient (82%) access to in-person care, a focus on preventive health (85%), and seamless specialty care coordination (82%). While more than half (55%) of employees and HR leaders said their healthcare is too costly and thought companies should cover “more” or “all” of employees’ health care costs.
The study revealed 87% of employees agreed that providing a healthcare offering that is a good value, high-quality, and patient-centered increases job satisfaction, engagement, productivity, retention, recruitment, or the likelihood to recommend the company.
Companies that prioritize the health of their workforce and invest in better healthcare benefits will not only be doing what’s right for their employees, they’ll also be more likely to retain their workers and be better positioned for success in an increasingly competitive marketplace. Download the report to learn more.
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