How to Choose the Right Health Insurance Plan for Gig Workers?
Before choosing a business health insurance for gig workers, check disability and maternity coverage, CSR ratio and waiting period. Know how to select the best plan in easy steps.
Sanil Basutkar
Author
Employee wellness programs are activities that an employer pursues to create a more healthy work culture for employees in terms of improving their physical and mental health. Take, for example, a meditation session arranged in a company after work hours. This is meant to promote the mental well-being of the employee and also enhance workplace productivity. These programs go beyond simply offering health insurance as they aim to create a holistic experience for employees. In India, work burnout is a common scenario. Almost 62% of Indians have felt the case of constant burnout, citing workplace stress as a major reason behind this. The lack of focus, impending deadlines and micromanagement always push employees to the corner where they would lose their productivity. Moreover, many employees tend to work beyond their usual shifts, which is also another good reason for quick work burnout. Organizations are devising an optimal solution for this: Employee Wellness Programs (EWPs). These programs create an affirmative mindset among employees, enabling them to commit to deadlines without being distracted. In the Indian context, EWPs are becoming increasingly significant for attracting and retaining top talent in a competitive job market.
Employees are the pivot of any organization, they keep the organisational momentum in the right balance. It is crucial to keep a close check on the well-being of the employees thus, which is done by EWPs. Businesses are slowly recognizing the potential of these workplace well-being initiatives, as they essentially enhance the ROEI (Return On Employee Investment). Here are some major reasons for creating workplace wellness programs:
Employees who are free from stress and occupational strain tend to be more productive, highly engaged, and not likely to experience burnout. EWPs block major physical and mental health concerns, letting employees work comfortably.
A healthier workforce translates to increased productivity and reduced absenteeism due to illness. By preventing health issues, companies can save on lost workdays and maintain operational efficiency.
Workplace health and wellness programs tend to improve the psychological well-being of employees to a good extent by focusing more on activities such as counselling and therapies. This also encourages employees to discuss their mental well-being in the workplace and engage in an open discussion.
Stress is a major reason that spikes up the chances of having poor healthcare. Employee welfare programs can lower healthcare costs for both the employee and the company by improving employee wellness considerably. Team members who undergo regularly paramount stress, such as Directors and Officers, may be immensely helped by having mental health support at work.
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Companies with strong wellness programs tend to attract and retain top talent, improving their reputation and being a highly positive place to work. In India’s highly competitive job market, this is a strength for any company to attract skilled minds and retain existing talents.
Your organisation can take up any of these strategies to implement some customised effective health and wellness programs:
Creating flexible work hours and rewards for participating in community activities can be a way to foster employee engagement. One of the ways to show employee support is purchasing a group health insurance policy, as employees get complete coverage for pre-existing diseases, post-hospitalization expenses and room rent coverage. This makes them feel highly valued and acknowledged, increasing employee retention score to a greater level.
Your organisation can arrange for physical health check-up sessions or even vaccination camps. This can improve employee retention to a better proportion, as this shows the company is committed to keeping employee well-being on the priority list.
There are various other ways to address employee mental well-being in your organisation, such as creating counselling services and stress management workshops. You can also create a virtual mindfulness program, utilising online meeting platforms.
As an employer, you can arrange for workshops on topics such as everyday yoga, nutrition and stress management. Conducting a weekly session on daily nutrition or best yogas for stress management can be immensely beneficial for all employees. These workplace wellness programs tend to lower office stress and also cut down anxiety triggers.
Offices these days are amplifying activities such as daily workouts and on-site fitness classes for maintaining health consistency among employees. Many employers even offer gym memberships at heavy discounts, or walking/running challenges with attractive incentives.
Indian financial literacy is still staggering, and many employees find it difficult to make prudent decisions in their everyday financial activities. Offering financial counselling is one of the best ways to enhance employee wellness, as it allows employees to build a strong foundation for surviving in a competitive landscape.
While this is not a direct employee wellness program, it still is a beneficial way to boost employee productivity. As an employer, you can provide flexible work options to employees, such as remote work opportunities. This significantly reduces stress and also elevates well-being.
Employee Assistance Programs are an early invention system that provides better support to employees who are dealing with constant workplace issues, such as stress and burnout. As an employer, you can provide EAPS in the form of mental health support at work, group counselling or even referrals.
One of the top ways to improve employee well-being is to arrange for activity clubs. Being an employer, you can arrange for weekend bicycling activities, gardening or group trekking. All of these are proven ways to strengthen your employees and create an active workforce.
A lot of planning and execution is needed for employee well-being programs to be successful. Let’s hover over these steps that can make these programs highly valuable:
First, define the goals of EWPs. Ask yourself and the management these questions for clarification:
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Directly engage with employees, know their work challenges and solicit feedback to ensure the program meets their needs and remains relevant. Employee feedback can add clarity to designing the EWPs, and can also add more inputs to the development of the program for achieving the best results.
Regularly monitor participation rates, employee feedback, and key metrics such as absenteeism and productivity to evaluate the program's impact and make necessary adjustments. This will keep an accurate record of employee activities, and create a comparison of the employee performance with their historical records.
A company runs on a hierarchical model, and the top management is usually the decision-maker. You may need to ensure that the top management is committed to the implementation of employee well-being programs, and is aligned with the program objectives.
Collaborate with healthcare providers, wellness specialists, and other experts to design and implement an effective program. These worker wellness programs need collaborative support from every healthcare provider and counsellor to direct them to a successful affair.
Employee wellness has been gaining headway in recent years, and more employees are becoming aware of workplace wellness. In addition to that, investing in employee wellness can effectively contribute to higher returns in the future. Imagine working with a fatigued workforce that has no motivation to work, and is dragging themselves every day to meet their bills. Employee wellness programs have a better potential to drive employee engagement to a higher level, as they include a larger part of prioritising employee betterment. A thriving workplace culture contributes to a profitable business, as employees can remain completely committed to their working environment and also exhibit a positive attitude.
Employees tend to stay in an organization for years and commit to their work where their well-being is taken care of. Most employees undergo job stress and constant levels of anxiety, which reduces their work productivity and also impacts their physical health. As an employer, you can reduce such cases of poor work productivity by an employee wellness plan. A wellness driven culture is easy to be built when your organization has purchased a personalised employee engagement plan, which ensures that your team is in sound health and better emotional well-being.
Employee wellness programs tend to improve the overall physical and psychological well-being of employees in a workplace. These are dedicated programs that consist of activities to boost employee morale and commitment to work.
HiPo is an abbreviation for High-Performance Employee. It ideally stands for those employees who have exhibited their merit in going beyond their current role and have the potential to take on superior positions in the organization.
EWP directly refers to workplace wellness programs, which are designed by the management and human resources to help employees take care of their physical as well as mental health. A few employee wellness examples are arranging for yoga classes, mental health workshops and counselling sessions.
The work environment, feedback, acknowledgement, training and job satisfaction are some of the most important factors that retain employees. Health and wellness programs generally help to retain employees more than any other form of incentives or work promotion.
Employee work satisfaction can be measured by tracking down a few metrics such as absenteeism, the number of employees exiting the workplace, and reviews by existing employees. These metrics can be tracked by exit interviews, anonymous surveys, group polls and performance sheets.
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