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"Change is the lifeblood of progress. When I co-founded ekincare, I knew that a "one-size fits all" approach to employee health benefits was archaic and best left in the past. In recent years, we have seen many organisational changes take place in the MarTech and FinTech industries, to name a few. The events of the past 2 years have shown us that the well-being industry needs massive organisational reforms as well. Well-being tech - where data forms the epicentre for assessing, building, strategising and engaging for better health outcomes - is no longer just ‘good to have’ for companies across the world. It is now a ‘must-have’!"
- Kiran Kalakuntla, CEO & Co-Founder, ekincare
As per a recent report by EngageRocket, 2020 was a time of optimism in the face of unforeseen challenges faced due to the COVID-19 pandemic. However, in 2021, that initial burst of optimism and enthusiasm dropped significantly, as isolation due to social distancing norms, new strains of the virus, and remote work environments of 2020 continued into their second consecutive year. This caused employees' resilience and mental well-being to drop. 17% fewer employees working in the APAC reported being confident about their company’s future between 2020 and 2021. With prolonged stress, cases of burnout also rose by 9% in 2021, according to EngageRocket's findings.
Many companies have started providing access to mental health services and emotional well-being solutions via online resources and virtual therapy, which have helped bridge the gaps in access to these services for many employees. Along with this, companies and healthcare professionals are now more focused on the quality and effectiveness of these resources than ever before. Employee Assistance Programs (EAPs) are also on the rise, with more employees making use of such programs to gain control of the challenges they face in their professional and private lives.
The best way to move forward in the new year is to work with healthcare partners who are well-versed in data analytics, personalized health benefits and designing employee well-being programs that cater to the evolving needs of employees. If the past 2 years have taught the global community anything, it is that nothing can be taken for granted. Hence, this post was an attempt at helping readers stay prepared for the future of employee well-being and health, and to look at a few trends that will be the key factors in ensuring a healthy and productive workforce across industries in the coming days.
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