As today’s workforce seeks more than just a paycheck, employers are prioritizing holistic employee wellbeing to drive engagement, satisfaction, and retention. LifeSpeak Inc., a leader in mental, physical, and family wellbeing solutions, has identified four key wellbeing trends that will influence employee benefits, engagement, and long-term retention.
1. Support for Individual and Family Mental Health
- Rising Importance: 92% of employees value organizations that support mental health, but less than half have access to comprehensive coverage.
- LifeSpeak’s Solution: LifeSpeak Mental Health & Resilience offers expert-led resources, including videos, web chats, and podcasts on mental wellbeing.
- Impact: A public sector organization saw a 19% reduction in sick day utilization, and a large tech company reduced mental health claims by 10.8% after implementing LifeSpeak’s solution.
2. Growing Interest in Sobriety and Substance Use Care
- Increased Claims: Substance use challenges led to a 17.2% increase in claims in 2023, according to Manulife’s report.
- LifeSpeak’s ALAViDA: ALAViDA Substance Use helps employees manage substance use at any stage, offering private, confidential resources available 24/7.
- Results: Among its 4.5 million members, 80% reduced consumption, 76% reduced severity, and 68% gained a greater sense of control.
3. Urgent Need for Parenting and Caregiving Support
- High Stress Levels: 48% of parents experience overwhelming stress, while 33% report elevated stress levels.
- LifeSpeak’s Torchlight: Torchlight Parenting & Caregiving supports working parents and caregivers with educational resources, support networks, and concierge services.
- Time and Cost Savings: Torchlight users saved 403,730 hours and more than $1 million in out-of-pocket caregiving expenses.
4. Continued Interest in Fitness and Nutrition
- Growing Demand: 64% of employees would use on-demand fitness classes if offered, but fewer than 1% of employers provide this option.
- LifeSpeak’s Wellbeats: Wellbeats Wellness offers a library of over 1,400 fitness, nutrition, and mindfulness classes, accessible to employees of all fitness levels.
- Global Reach: Wellbeats serves 3 million users in over 90 countries, providing flexible fitness solutions that appeal to every employee demographic.
As employers navigate benefits enrollment, these trends highlight the importance of providing accessible, whole-person wellbeing solutions. By offering tools that address mental health, substance use, caregiving, and fitness, companies like LifeSpeak Inc. empower employees to manage stress and enhance their overall wellbeing.
