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 firstname.lastname@example.org.
When conducting global workforce planning in an uncertain world, some things are certain - the workforce of the future is changing, and disruption is inevitable. A company’s benefit strategy has often been a core component of the employee value proposition and fundamental for efforts to attract and retain talent. In today’s diverse and multigenerational workforce, companies need the agility to change quickly and communicate effectively with different personas.
For employees, the benefits of telework are clear: It saves time and money. Telework has also attracted the attention of employers, interested in reducing costs associated with absenteeism, real estate and employee turnover. And beyond individual and business priorities, telework has the potential to alleviate top global concerns by reducing greenhouse gas emissions, traffic congestion and pollution.
What it means to be a global multinational company has evolved over the years. With that, global benefits professionals have had to evolve as well. Yesterday, simply having employees in locations outside your country of headquarters may have been enough to call yourself global.
Mental health issues pose considerable challenges for societies, workplaces and individuals around the world, and they’re not going away anytime soon. In Mexico, the number of deaths due to mental disorders increased by 33% between 2008 and 2014.
Pandemics. Political instability. Natural Disasters. In today’s world, it is important to prepare your workforce for the unexpected. As a health, well-being or benefits leader, understanding your role in Global Emergency Preparedness is essential to ensure your company’s plan effectively assists employees in an emergency, and allows for business continuity.
A favorite speaker from Workforce Strategy 2018 was Alex Edmans, Professor of Finance at London Business School. He taught us the ‘100 Best Companies to Work for in America’ outperformed their peers by 2.3%-3.8% per year from 1984-2011 (89%-184% cumulative). This striking evidence demonstrates that investing in the employee experience is a smart business decision.
Health care in the U.S. truly appears to be at a tipping point. We’re in an era of unique opportunity for large employers to lead positive changes as pressure to create a better health care experience at reasonable costs accelerates.