Organizations were already adopting digital tools as part of their open enrollment strategies prior to COVID-19, but the demands of the pandemic accelerated the transition. Now, with workforces increasingly dispersed, digital tools aren't just desirable, they have become a necessity for an increasingly hybrid and remote workforce.
The increased reliance on digital benefits coincides with a steady focus on wellbeing for employees and employers alike. With the lingering impacts of the pandemic, ongoing inflation, climate crisis and record high levels of stress, many employees feel that their personal wellbeing is in decline. This makes it more important than ever for employers to provide benefits that support them in the challenges they are facing. The following statistics underscore the need for employer support:
- More than 53 million Americans provide unpaid care to adults or children, with one third reporting moderate or severe anxiety, and 20% suffering from depression.
- 1 in 3 American adults is obese.
- More than 283 million individuals worldwide have a diagnosed Alcohol Use Disorder.
- Depression and anxiety cause 12 billion working days to be lost every year and come at a cost of $1 trillion per year in lost productivity.
Employees are struggling to overcome these obstacles, with more than a quarter self-reporting absenteeism or presentism and only a small percentage taking advantage of current treatment or support options. This makes it imperative for employers to understand the realities their workforce is facing and to take steps to address any challenges or roadblocks to wellbeing.
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