We hear so much about Well-Being and Wellness these days so Imad Baatiche, Head of Employee Benefits has answered some key questions we get asked all the time.
At Expat Insurance we believe, a healthy office is a more productive office so don’t forget to think about Corporate Wellness within your business.
What trends can we expect to see in Wellness in 2020?
The employee health and wellbeing industry has exploded in the market and shows no signs of slowing down.
Companies should now have health and wellbeing as a core business strategy rather than nice to have benefits.
Trends include; digital trends will continue to grow, we are starting to see telemedicine introduced across a number of companies, as well as lifestyle changes, for example, increasing flexibility and supporting mental health are all top of the agenda.
What is the difference between Wellbeing and Wellness?
We tend to use the terms interchangeably. However, Wellbeing is more holistic and Wellness is more physical health.
What is the difference between health insurance and wellness, do I need both?
To attract and retain staff it will be crucial to offer a comprehensive health insurance policy to your employees, this covers things like Inpatient, Outpatient etc. depending on what you would like to include. Wellness programs solutions complement health insurance plans. Wellness programs help educate employees on health, nutrition, fitness to empower them to explore healthier lifestyle choices which means your business has a healthier and more productive workforce.
I don’t really understand the benefits of Wellness?
There are a number of benefits for incorporating wellness into your business strategy –
- Lowering health care costs
- Reducing absenteeism and presenteeism
- Achieving higher employee productivity
- Reducing workers compensation and disability related costs
- Reducing injuries
- Improving employee morale and loyalty
If you are looking for any help, guidance or insurance cover, please contact Imad on [email protected] or +65 6439 8026