The arrival of the new year means the release of Wellable’s annual 2019 Employee Wellness Industry Trends Report. As was the case in prior versions, the goal of the report is to quantify and better understand the wellness strategy companies are implementing in 2019, providing a guide for all employers to help them create healthy, happy, and productive workforces. Employers and brokers can use this information to make better benefits decisions to ensure they are creating competitive wellness plans to address the needs of current and prospective employees.
As part of the research, the survey explored three key areas:
- Investment Trends – The survey explored employer strategies and sentiments on 20 popular wellness program offerings to see where they were planning to invest. New to this year’s report is a deep dive into specific solutions for financial wellness and mental health.
- Decision Influencers – The survey identified six factors companies consider when making benefit decisions and measured the degree to which these factors influence their choices.
- Vendor Evaluation – Many companies utilize third-party vendors to meet their employee wellness needs. This section of the survey evaluated the top criteria employers use to evaluate vendors.
Download the full report to see the all the valuable information gathered from the research. As a little teaser, enjoy the interesting tidbits below, which are expounded upon in more detail inside the report.
- Financial wellness, mental health, and stress management continue to be popular with 68%, 58%, and 55% of employers expecting to invest more in these types of programs, respectively.
- Despite wanting to invest more in mental health, employers are still relying on legacy solutions to address this area of employee health. Employee Assistance Programs (EAPs) and educational programs via seminars, webinars, and other resources were the most popular solutions by a large margin with 67% and 46% of respondents ranking them as a top three option, respectively.
- Pricing was the top criteria used when evaluating wellness vendors for small (<250 employees) and medium (250-1,000 employees) companies while flexibility and customizability was the top criteria for large companies (1,000+ employees).
To gather data on the wellness industry, the report surveyed the trusted advisors of companies across the country – health insurance brokers. Health insurance brokers and their wellness directors work closely with organizations to develop short- and long-term strategies for employee wellness success as well as assist in the identification and evaluation of vendors. Through responses from 92 of these professionals, the 2019 Employee Wellness Industry Trends report reflects the current positions of thousands of companies and millions of employees.