Market Research to Help Boost Employee Well-being in an Age of Uncertainty
If there’s one thing all HR professionals know for sure, it’s this: the COVID-19 pandemic has dramatically shifted the way we approach work. It’s also had a clear impact on the well-being of employees across the globe.
In partnership with HR.com, Eden Health ran a State of Employee Health and Well-being survey. We gathered input from over 400 HR professionals, the majority of whom were located in the United States and represented virtually every industry vertical.
The concept of employee well-being covers not just employees’ physical and mental well-being, but also includes their financial, social, and environmental well-being. The widespread adoption of employee wellness programs over the last 20 years illustrates how important employee experiences have become to HR and culture teams. These experiences often impact important internal metrics like recruitment, engagement, retention, performance, and productivity.
This study sought to understand the current state of employee well-being and how employers have tried to safeguard well-being recently.
Here’s some of the key takeaways from our research:
COVID-19 HAS TAKEN A MEASURABLE TOLL ON WELL-BEING.
In fact, 64% of respondents, with 13% strongly agreeing and 51% agreeing, reported that COVID-19 significantly reduced the overall well-being of their workforce.
The majority of HR professionals, 84%, believe their organizations have done a good job of safeguarding their employees’ well-being since the coronavirus appeared early in 2020. It is possible there is some bias in these findings since HR professionals themselves are often integral to running the programs designed to keep employees safe, and employees themselves may take a different view. Nonetheless, the findings indicate that HR professionals have been working hard to help keep employees safe and may feel some pride in their accomplishments.
Nearly all responding HR professionals (94%) say that their employer provides at least one type of initiative intended to enhance some aspect of employee well-being.
EMPLOYEES ARE EXPERIENCING COMMON MENTAL HEALTH-RELATED ISSUES.
More than half of HR respondents indicated that their employees have dealt with a number of mental health issues over the last 12 months.
These issues can be costly for businesses — workplace stress costs American businesses some $500 billion each year in lost productivity.
Want to see the top reported mental health issues employees are experiencing? Download the Full PDF.
ENHANCING EMPLOYEE WELL-BEING IN THE NEAR FUTURE
Maintaining employee well-being will be a top concern for employers as we continue to emerge from the pandemic. When asked which well-being initiatives would be utilized over the next two years, respondents indicated that greater flexibility, greater access to healthcare services and information, and greater monitoring of employee well-being would be prioritized.
Want access to specific initiatives HR professionals will be utilizing? Get the Complete Report.
It’s clear that the state of employee health and well-being will be a top priority for companies in a post-pandemic landscape (and beyond). Download our full report to learn more insights on boosting employee well-being.