The rapid changes taking place across the world over the last two years have included the “work from home revolution”. The aftershocks have triggered a new challenge for businesses around employee retention. The “Great Resignation” refers to the high levels of talent migration many businesses are currently experiencing.
This is in part due to employees who perhaps have enjoyed working from home, who don’t want to return to the office or 9 to 5 that they’ve been used to and are actively choosing a more flexible working pattern offered by other employers. This has triggered a shortage in some companies and increased workloads and pressure for remaining employees.
“The challenge [now] is there’s a higher percentage of folks resigning, therefore there’s more work to be distributed, and it’s just taking longer to hire people.”
(Source: Vox, Remote work isn’t the problem. Work is. February, 2022)
All this means that employee health benefits are becoming more important if you hope to recruit and retain talent. By promoting an attractive employee health benefits package you can help mitigate the impact of the Great Resignation. As a leader in your organisation, you can make a real difference to your workforce by implementing the right employee wellbeing strategy supported with health benefits that are valued and actually used.
Now’s a good time for a Health Cash Plan
For employers, it’s more important than ever to engage with your employees and demonstrate that they’re valued. More businesses are turning to health cash plans as an alternative solution in driving forward their employee health agenda across their whole workforce.
A healthcare cash plan employee benefit can be an integral part of the solution. Employees claim money back* on health bills such as visits to the dentists, opticians, physio and other key healthcare treatments – even including alternative therapies such as massages.
Given the current strains on the health service, employees are now more likely to value ease of access to GPs and mental health support. Health Shield Cash Plans can also include additional benefits which include access to a 24/7 GP helpline, and can also receive mental health, financial, and personal support via an Employee Assistance Programme (EAP) and face-to-face counselling sessions, should they need it.