76% of benefits plan members say workplace culture encourages health, wellness: BCHS – Benefits Canada

Share Article

76% of benefits plan members say workplace culture encourages health, wellness: BCHS
Three-quarters (76 per cent) of benefits plan members agreed the overall culture or environment of their workplace encourages health and wellness, unchanged from 2021 and comparable with previous years, according to the 2022 Benefits Canada Healthcare Survey.
The survey found a wellness culture appeared to consistently influence results in other areas, including job satisfaction (91 per cent) and plan members’ positive perceptions of their health benefits plan (84 per cent) and personal health (51 per cent).
Among benefits plan sponsors, the vast majority (87 per cent) agreed their workplace culture or environment encourages health and wellness, down slightly from 90 per cent in 2021 and comparable with previous years.
Read: Sounding Board: A look at the future of workplace wellness
“Plan sponsors are taking a more formal approach [to workplace wellness],” said Sunil Hirjee, vice-president of group sales and partner experience for Ontario and Western and Atlantic Canada at Beneva Inc. and an advisory board member, in the report. “Traditionally, wellness initiatives are taken on by social committees, [human resources] teams or sometimes a dedicated wellness person. Now we’re seeing committees with equal representation not only from all departments, but also all regions and all levels of staff. And they’re taking a much more rigorous approach when it comes to launching a program and measuring its uptake and impact.”
In the next three years, 75 per cent of plan sponsor respondents said they anticipate dedicating funds and/or staff resources, outside of the health benefits plan, to support employees in at least one of five areas of wellness, including mental health (46 per cent) physical fitness (32 per cent), prevention of illness and/or management of chronic conditions (30 per cent), social health (28 per cent) and financial health (26 per cent). In 2021, anticipated investments in mental health (51 per cent) far exceeded investments in the prevention of illness/management of chronic conditions (28 per cent).

Employers with a unionized workforce (90 per cent), 500 or more employees (89 per cent) and a flexible benefits plan (87 per cent) were most likely to make these additional allocations.
Read: Survey finds majority of employers planning to invest in workplace wellness
The Ontario Municipal Employees’ Retirement System is appointing Prabha Ram as managing director of global equities at its investment arm, OMERS Capital Markets. In the…
The Alberta Investment Management Corp. is opening a new Calgary satellite office as part of a strategy to better capture investment opportunities within its home…
The Ontario Teachers’ Pension Plan is opening an office in Mumbai, India, which will be headed up by Deepak Dara, currently chief of staff to…
Six of the leading Canadian pension asset managers are sharing details of their energy transition strategies in a new report by the Investor Leadership Network….
In the first months of the coronavirus pandemic, Shopify Inc.’s chief executive officer Tobi Lutke was among the first technology leaders to declare most of…
When workplace dental plans are designed to promote employees’ proactive oral health, it can reduce overall benefits plan expenditures, including the cost of medications. Forty…
More than three-quarters (78 per cent) of plan sponsors say they’re concerned about the coronavirus pandemic’s long-term impact on the cost of health benefits plans,…
The average Canadian defined benefit pension plan’s projected benefit obligation fell 3.4 per cent during the third quarter of 2022, from 100.5 per cent to…
© 1998- Contex Group Inc. All rights reserved.
Contex Group Inc.
355, Sainte-Catherine West, suite 501
Montréal, QC H3B 1A5
(514) 392-2009

source

You might also like

Surviving 2nd wave of corona
COVID-19

Surviving The 2nd Wave of Corona

‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort

@voguewellness