When it comes to employee wellness in the age of coronavirus, employees are placing more emphasis on childcare, mental health, and maintaining a strong connection to employees, according to the “Well-Being Index,” a quarterly survey from the Principal Financial Group. The survey of 500 business leaders who provide employee benefits was released this morning. (October 6, 2020)
“COVID-19 has fundamentally reshaped the benefits landscape,” says Kara Hoogensen, senior vice president of U.S. Insurance Solutions for Principal. “Employees and employers alike are recognizing the need for coverage that protects the health and well-being of both individuals and their families. This has brought new meaning to benefits that may have previously fallen lower on an employee’s priority list, such as income protection, life insurance, and mental health programs.”
40% | Percentage of companies surveyed that allow employees to use their sick leave and/or vacation days for childcare needs.
38% | Percentage of companies that allow employees flexible work hours without reducing pay for working parents.
47% | Percentage of employers who say employees seem stressed or overwhelmed due to increased or more demanding workloads.
48% | Percentage or employers who say they’ve seen an increase in the utilization of mental health employee benefits or have had more questions about available mental health resources.
37% | Percentage of businesses that are allowing more