The Business Group Blog was created to share and discuss information about challenges and solutions to the health care benefits issues that large employers face today and tomorrow — such as controlling health care costs, reforming the health care delivery system, and engaging employees in their health and benefits — and will provide insight into national health policy issues. We hope you find this information useful and will consider subscribing to the blog and sharing any thoughts or ideas with us at email@example.com.
At no other time in history have we had people across so many different age groups co-existing in the workplace: Traditionalists, Baby Boomers, Generation X, and Millennials. By 2017, Canada, France, Germany, Japan, Italy, U.K. and the U.S. will have at least 40% of employees aged 50 and older. They are predicted to retire within the next 10 years. This mass exit will lead to a shortage of senior and skilled workers. The millennial generation will not be able to fill all the open positions left by the retirees.
Each January, more than 100 human resources and benefits professionals come together for our annual Employers’ Summit on Health Care Costs and Solutions. The best practices and cutting-edge ideas brought forward at this event continue to show that innovation in health improvement and health care management in this country is driven largely by employers.
To bolster engagement in and sustainability of wellness and/or well-being programs, employers have to build a strategy that recognizes the importance of stakeholder buy-in at all levels.
Data show that 76% of companies currently offer programs or benefits to help employees improve their personal finances.1 Employers are taking a greater interest and role in the financial security of their employees for a number of reasons.
In today’s workplace, more generations are working side-by-side than ever before, with the largest portion of the U.S. labor force made up of millennials (34%), Generation X (34%) and baby boomers (29%).1 To best support the needs of a multigenerational workforce, employers should consider taking a refreshed look at how they develop benefits and programs, with an eye to what is most important to employees at each life stage.
Integrating employee health and workplace safety can have a positive impact on corporate performance because of the strong association between lifestyle risks and medical conditions with absence and workplace safety. Unfortunately, it is difficult to realize the benefits of integration when employee safety, occupational health and absence are managed by separate departments and involve multiple vendor partners.
Some companies have made significant progress toward integrating occupational health and safety programs. One example is featured in this post.
October 10 is World Mental Health Day. This year’s theme is Dignity in Mental Health: Psychological and Mental Health First Aid for All. “Mental Health First Aid (MHFA) is the help provided to a person developing a mental health problem or experiencing a mental health crisis. The workplace is a natural fit for a focus on mental health in general, and mental health first aid in particular, because colleagues and managers may be the first to recognize the signs of mental health issues in their co-workers.