Two important issues reported by employers are: (1) Controlling escalating healthcare costs (two-thirds of employers are challenged by increasing costs at their companies), and (2) Building a healthy and productive workforce.
Nearly 45% of companies cite illness as a key reason for absenteeism (one-third more than lack of commitment), and across company sizes, almost every employer told us that managing health benefits costs was a top priority.
These challenges build a case for wellness. Employers that tackle the causes of illness can reduce absenteeism, offsetting the cost of their wellness initiatives.
Health can be personal, so employers should look beyond general statistics. Benefits providers should be able to tailor data around claims with analytics that can help employers target their wellness activities. As many as 39% of employers use overall market awareness to evaluate the main employee health and wellness concerns. Relying solely on general market data can be misleading.