Offering impactful employee benefits is critical for organizations in any industry. When it comes to choosing the right programs for their workforce, healthcare employers face a unique set of challenges.
Not only have healthcare organizations been deeply impacted by the ongoing pandemic, but they must also attract and retain highly skilled talent while delivering comprehensive benefits to meet evolving employee needs.
This is where wellbeing benefits come in.
Innovative healthcare companies are starting to offer increasingly valuable benefits to attract the best employees and keep them around longer, too.
Here are the top four employee benefits every healthcare company will offer this year to stay competitive.
1. Financial Wellbeing
What if one benefit alone could lead to healthier employees, lower turnover rates, and reduce absenteeism all while raising employee satisfaction and elevating your brand as an employer?
Offering financial wellbeing as an employee benefit has these proven results. Many healthcare workers are incredibly educated, but struggle with mountains of debt and with personal financial literacy.
Top employers are partnering with financial wellbeing providers like LearnLux that are engaging for employees, and fast to set up so hiring managers can quickly start promoting this program as part of their benefits packages.
Access to unbiased Certified Financial Planner™ and interactive online tools are key components. Top employers also prioritize programs that can reach a dispersed workforce, and never push products.
With holistic employee wellness strategies in mind, healthcare companies are adding this #1 most asked-for benefit to their benefits strategies to stay competitive.
2. Caregiver Benefits
Between clinical duties, administrative tasks and keeping up with medical advances, your employees are wearing a lot of hats. For many, their work continues at home as well; reports show that three out of four U.S. workers have caregiving responsibilities to a parent, spouse, or senior loved one.
A recent research report from Harvard Business School's Future of Work Project shows that a growing "caregiver crisis" is creating millions of dollars in hidden costs for U.S. firms from employee turnover and absenteeism.
Innovative workplaces are now offering employer-paid memberships to online caregiver resources, paid family leave, and free programs for finding and managing care.
3. Mental Wellbeing
Healthcare workers face unique and intense challenges in their profession, making access to mental health benefits crucial. Consider the impacts of a high-stress work environment, trauma exposure, and compassion fatigue. Healthcare worker's mental wellbeing directly impacts patient care, so workplaces are rolling out comprehensive mental wellbeing programs to support employees on and off the clock.
4. Physical Wellbeing
Prioritize the physical health of your workforce by offering wellness programs that include fitness classes, gym memberships, or health screenings. Promoting regular physical activity and providing resources for maintaining a healthy lifestyle can contribute to overall wellbeing and reduce the risk of burnout.
Beyond immediate competitive advantage, adding wellbeing benefits like these will help take healthcare companies like yours into the future of work. Many of the next major wins in healthcare will demand companies to think differently about employee retention. Having the right talent on your team (and keeping them long-term) will be the way that top healthcare organizations will rise above the rest.