The demand for workplace health support is being driven by younger employees, according to recent findings. A study by Simplyhealth reveals that employees aged 18 to 34 are significantly more likely to value health cover as a key benefit at work. In fact, 78% of this demographic indicated that having health cover is a major factor in their decision to stay with their current employer.
The study, conducted between May and June 2024, surveyed 500 HR decision-makers and 2,000 employees across the UK. It found that 64% of younger workers view health cover as their most valuable benefit, compared to just 46% of those aged over 55. Additionally, 66% of younger employees believe they would take less time off work if they had access to health cover, as it would allow them to see a doctor sooner.
Health cover not only influences retention but also plays a crucial role in attracting new talent. Over half of the younger workers surveyed (59%) said that health cover was one of the main reasons they joined their current company, and 71% would hesitate to switch employers if health cover was not offered.
The study also highlights the positive impact of health benefits on productivity. Three-quarters of the younger employees surveyed believe that having health cover would improve their productivity by allowing them to address health concerns more promptly.
From the perspective of HR decision-makers, the expectations around health cover are clear. Thirty percent noted that job candidates now expect health cover as part of their benefits package. Moreover, employers have observed tangible benefits from providing health cover, with 37% reporting increased employee engagement and 33% noting a boost in productivity.
These findings come at a time when NHS waiting times are at record highs, with waiting lists reaching 7.62 million in June 2024. The lengthy wait times for treatment are prompting more employers to consider private healthcare options to support their workforce.
As Brett Hill, head of health and protection at Broadstone, points out, there is a growing recognition among employers that they need to take more responsibility for their employees’ health. This is reflected in the increasing demand for health benefits and wellbeing programmes.
Rachel Suff, senior policy adviser at the CIPD, emphasises the importance of health support in the workplace, especially given the current strain on public health services. She notes that while not all employers can afford comprehensive health benefits, they can still support their employees by providing access to trusted advice and making reasonable adjustments where necessary.
The research also sheds light on the mental health challenges faced by younger workers. A significant 71% of employees aged 18 to 34 reported taking time off work in the past year due to anxiety, compared to just 32% of those over 55. With mental health issues leading to a substantial number of fit notes, the need for workplace health support is more critical than ever.
In conclusion, as the expectations for workplace health benefits grow, particularly among younger employees, employers must adapt to remain competitive. Offering comprehensive health support not only enhances employee wellbeing but also boosts productivity and job satisfaction.
Source: https://zapier.com/
Original title: Younger Employees Leading the Push for Health Support in the Workplace
Author: Ralph Hawthorn