Though trends often come and go, cost-saving movements tend to gain momentum and stick around—particularly for businesses. One area frequently targeted for savings by employers is employee benefits. It’s easy to see why companies are trying to reduce costs—employee benefits account for about 1/3 of total spending on employee compensation! While it certainly makes sense to cut costs where you can, at the same time, you must offer benefits that allow you to attract and retain the quality employees your business needs. Companies that use benefits strategically experience better overall company performance, above-average effectiveness in recruitment, and higher retention than companies who don’t.
In this blog post, we’ll discuss the top trends in employee health and wellness that have emerged in 2021. We’ll also give you tips for actionable and timely strategies you can implement to save on your company’s employee benefits costs and improve your offerings.
Increasing Access to Care with Telehealth and Telemedicine
Telemedicine, or the ability for healthcare providers to evaluate, diagnose, and treat illnesses and injuries remotely, has been gaining favor among insurance companies and providers for years. Since the onset of COVID-19 in 2020, this trend has gained a lot of traction in the healthcare industry.
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