REWIND: Solving the Myths Surrounding Employee Benefits & Wellbeing
“More financial advisors should be proactive in encouraging corporate clients to establish employee wellness programs which can be invaluable for employees,” Hugh Massie said in a recent NASDAQ article.
Why? Because, according to a recent Gallup survey, “Companies that rank in the top 10 percent in engaging their employees…posted profit gains of 26 percent through the last recession, compared with a 14 percent decline at comparable employers.”
Despite the knowledge of their benefits and strengths, there are myths and questions that follow employee benefits and wellbeing – just like there are in every other area of life. With that in mind, let’s take a look at a few of the “most popular” employee benefits and wellbeing myths and debunk them.
MYTH: Investing in employee benefits is not a valuable investment.
FACT: Investing in the health and wellness of your employees is perhaps, the most valuable investment. Health and wellness expert Carol Phillips recently shared that nearly 95 percent of American workers have some sort of illness, injury or disease – many of which are undiagnosed and not being treated or dealt with. Phillips said, “Healthy employees are more productive and tend to positively contribute to the overall morale of the organization.” Productivity and positive morale might be two of the biggest and most valuable investments that an employer can make – for both the health of their employees and the health of their business.