5 Ways to Help Employees Feel More in Control of Their Healthcare Decisions
Boost employee productivity and retention
Financial stress caused by poor health savings takes a big toll on productivity and morale in the workplace. Nearly half of employees who are stressed about their finances say they spend three hours or more at work each week thinking about or dealing with personal financial issues, according to a PwC survey.
Three hours a week adds up to over 150 hours of annual lost productivity for each employee struggling.
That’s only for one employee!
If nearly half of your employees are stressed and losing that productive time, then imagine the difference in your company’s bottom line if at least most of your employees were able to focus again and work at high efficiency.
So how can we prevent all of this lost productivity, opportunity, and probably cash?
Answer: Consumer-defined benefits and healthcare consumerism can help alleviate some of these outcomes.
Empowering employees by getting them more involved and knowledgeable about their healthcare options will lead to healthier, less stressed employees as well as higher presenteeism and employee retention and easier recruitment.
In this free whitepaper containing results from HealthEquity’s survey of over 1500 Americans to better understand how various forces influence employer and employee health in 2021, you’ll get five in-depth strategies to help your employees feel more in control of their healthcare decisions:
- Employer match that increases available funds
- Employee education initiatives on coverage and options
- Increase access to price transparency tools
- Ramp up employee use of telehealth services
- Focus on financial wellness too
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