Holistic Benefit Approach Helps Bolster Employee Engagement and Loyalty
By Cynthia Coverson, MBA
SVP, Group Benefits
The COVID-19 pandemic has touched every aspect of our lives and especially our workplaces. MetLife’s 18th annual U.S. Employee Benefit Trends Study1 found that as a result of the pandemic, employees feel more strongly that their employers have a responsibility for their health and well-being (73% pre-COVID-19 versus 80% during COVID-19), particularly when it comes to their financial well-being (40% pre–COVID-19 versus 47% during COVID-19).
Now, more than ever, employees are relying on employer-offered benefits and programs as they focus on their productivity and health. It’s critical to address employees’ needs with a mix of benefits and programs to help mitigate stress, improve employees’ holistic well-being, and support them when they need it most. This, in turn, can help bolster engagement and loyalty from the workforce.
Embracing a Holistic Model of Well-being
Historically, benefits packages were focused on and largely limited to medical and retirement plans. Today’s diverse and evolving work-life world demands a more proactive and holistic model of well-being.
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