New research has revealed the strong value gained by employers who provide health benefits for their workers.
Figures show that of the 5,000 employees and 500 HR decision-makers surveyed, it’s estimated that for every £1 spent on healthcare benefits, £1.90 in value is received by firms.
Employees Calling for More Flexible Healthcare Options
The Simplyhealth report also found that there is a great perception gap between businesses and their workers when it comes to the workplace healthcare benefits on offer.
For example, while 90% of employers who offer benefits say that their healthcare benefits are flexible, over half (52%) of employees say they need more flexible healthcare options than are currently available to them.
This indicates that businesses need to look at providing healthcare support that is more flexible, relevant to their employees’ circumstances and easier to access.
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Businesses Need to Move Beyond One-Size-Fits-All Approach
Paul Schreier, CEO of Simplyhealth, explained, “The reality is that healthcare needs don’t arise evenly across a workforce.
“A parent returning from maternity leave, someone caring for an elderly relative, an employee experiencing menopause, and someone approaching retirement all face different challenges in accessing healthcare. Yet many workplace healthcare benefits are still designed as if everyone has the same needs.
“Today’s workforce spans multiple generations, life stages, and personal circumstances, often requiring distinct access to healthcare. To best support employees, businesses need to move beyond a one-size-fits-all approach and offer flexible benefits that provide targeted support that is tailored to the realities of people’s lives.
“Employees are not looking for one single fix but need adaptable benefits that work around their work and life patterns, allowing for easy access to benefits while helping to improve their long-term health and wellbeing.”
For more information, please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
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