Beanstalk CEO Matthew Sydney closed the HealthCareTN Knoxville meeting today explaining the pivot point that’s been reached in employer-sponsored benefits: #HRTech, consumer desires, and industry shifts have aligned in ways that suggest a major shift in employers’ roles in Americans’ access to health and wellbeing resources.?The era of personalized #employeebenefits is here.? ? Key takeaways: ?? 1/3 of #HR leaders’ time is spent managing vendors because “employer-sponsored” has historically meant employer-prioritized, employer-selected and employer-subsidized. ?? “Sponsoring” in the true sense, though, would mean employers provide financial resources, but employees select what they need. ?? “Quiet needs” don’t always get the benefits attention “squeaky wheels” do. But 48% of employees say stress about debt causes sleep problems, 25% of working parents have a child with a mental health challenge, and 1 in 4 men reported binge drinking in the last month.? ?? Point solutions and benefits options have become hyper-specific because founders had needs that weren’t being met – so they created niche resources. There are over 14,000 now.? ?? Employers are often dissatisfied with the employee uptake and utilization of benefits. But consumers spent $480B on wellness in 2023. ?? This market suggests employees are trying and using other tools. They’re not disinterested or uninvested. They just might need something different than what employers are offering. ???? Industry shifts including a 57% rise in fractional role, a 29% increase in employers offering ICHRAs in 2024, and 70% of employers considering Lifestyle Spending Accounts are reshaping employer-employee relationships. ? We’re all more likely to use what we choose for ourselves. Industry shifts have now made personalization possible. The next evolution in employer-sponsored benefits will shift decision-making to employees. Thank you, HealthCareTN, for dedicating this event to Transformation through Personalization.
Beanstalk Benefits的动态
最相关的动态
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"?????????? ???????????? ???????? ???????????? ???? ???????? ?????? ??????????, ?????????? ???????? ???????? ???????????? ???? ???????? ??????’?? ???????? ????." – ?????????????? ?????????????? According to a ???????? ???????????? ???? ???????????????? ??????????????????, ????% ???????????? ???????????????? ???????????????? like Health Spending Accounts (HSAs) or wellness programs, that allow them to choose what works best for their personal needs. (Source: Dialogue, 2023) When employees feel genuinely cared for, they stay longer, work happier, and help build stronger teams. But turnover? It’s not just a financial hit—it can cost up to ????-????% ???? ?????????? ????????????. The real damage goes beyond dollars, disrupting the productivity and culture you've worked so hard to create. ?? Let’s start with a conversation about your company—what’s working, what’s not—and how we can strengthen your team together. I’m here to listen. ??? #Hiring #EmployeeRetention #GroupBenefitSolutions #RichardBranson #HealthSpendingAccount #WellnessPrograms #EmployeeEngagement #FlexibleBenefits #WorkplaceCulture #TeamBuilding #BusinessLeadership
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One thing remains clear in the ever-evolving landscape of employee benefits: workers are seeking choice, and the traditional one-size-fits-all employer health plans are no longer cutting it. A recent article on BenefitsPRO highlights this growing discontent, revealing a vocal workforce about wanting more from their health benefits. As employers, we must recognize that our employees' health and well-being are foundational to our businesses' success. The call for choice is not just about preference but about providing options catering to diverse needs and lifestyles. It's about acknowledging that the personalization of services can significantly impact overall satisfaction and productivity in health care. Direct Primary Care (DPC) emerges as a beacon of hope in this scenario. DPC offers a model that prioritizes patient-provider relationships, emphasizing preventive care and wellness. For employers, integrating DPC into health plans can be a game-changer. Investing in the workforce through DPC can reduce healthcare spending, improve health outcomes, and, ultimately, a more engaged and loyal team. Moreover, the flexibility of at-home primary care services aligns perfectly with the current work-from-home and hybrid work trends. It ensures that employees have access to quality care without the constraints of location, thereby enhancing their work-life balance. The impact of such a choice on recruitment and retention cannot be overstated. In today's competitive job market, offering innovative health benefits like DPC can set a company apart, attracting top talent and reducing turnover. As we navigate the complexities of employee health benefits, let's take a moment to listen to our workforce. Let's embrace models like DPC that offer the choice and personalization our employees request. It's not just a matter of benefits; it's a strategic move towards a healthier, happier, and more productive workplace. Read More: https://lnkd.in/e8uA3bcw #healthcare #health #wellness #DPC #primarycare #hr #benefits #tectonichealth
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?? Elevate Employee Benefits with Flexible Claim/Benefit Pools ?? In recent times, we've observed a significant trend amongst forward-thinking companies: the implementation of claim/benefit pools. This innovative approach offers employees a flexible amount to utilize across a spectrum of benefits, from wellness memberships to essential health services. Why is this important? ?? ?? Flexibility & Choice: Employees cherish the ability to tailor benefits according to their unique needs, enhancing job satisfaction and overall well-being. ?? Comprehensive Coverage: Employees feel supported in every aspect of their health and wellness journey from a wide range of services ?? Family Inclusion: Extending benefits to cover dependents underlines a company's commitment to its employees' family well-being, fostering a caring and inclusive workplace culture. Here's a glimpse of the versatile benefits you could explore for your claim/benefit pool: ?? Optical: Spectacles and contact lenses ?? Dental: Comprehensive care for you and your dependents ?? Medical Check-up: Options for panel and non-panel services ??? Wellness Membership: Stay fit, stay healthy ?? Outpatient Medical Treatment: For those unexpected moments ?? COVID-19 Diagnostic Test: Keeping safety a priority In our journey to redefine employee benefits, we remain committed to providing solutions that cater to the dynamic needs of today's workforce. Embrace the future with Talentcloud.ai. Let's explore how we can elevate your benefits package together. #TalentcloudAi #FutureOfWork #EmployeeBenefits #InnovationInHR
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When benefits are tailored to meet the needs of all employees, they support a more diverse workforce. How can employers ensure they are prioritizing inclusive benefits, including women’s health support and comprehensive financial wellness?programs? Learn more in this panel discussion at From Day One's NYC Half-Day Benefits Conference featuring Ovia's Corrinne Hobbs, MBA: https://lnkd.in/eaE-ySAD. #diversity #femtech #benefits
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A recent report shows increased health savings account contributions. What does this mean for employers? - Increased employee engagement with their health benefits; - A healthier and more financially secure workforce. HSAs are one of the many financial wellness solutions #Insperity offers. Enhance your benefits package and support your team’s well-being with our comprehensive benefits solutions. #EmployeeBenefits #Healthcare #FinancialWellness #HRThatMakesADifference https://lnkd.in/gufbxX89
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A recent report shows increased health savings account contributions. What does this mean for employers? - Increased employee engagement with their health benefits; - A healthier and more financially secure workforce. HSAs are one of the many financial wellness solutions #Insperity offers. Enhance your benefits package and support your team’s well-being with our comprehensive benefits solutions. #EmployeeBenefits #Healthcare #FinancialWellness #HRThatMakesADifference https://lnkd.in/gXvDsPMX
Health Savings Account Asset Growth Booming
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Our recently released 2024 Lifestyle Benefits Benchmarking Report details all the different ways companies and employees are using their benefits to improve their lives and enhance productivity. We asked 6 HR leaders to share their biggest takeaways after reading the report. Here’s what they said: #1 Quarterly stipends result in higher utilization rates (75%) #2 Big budgets aren’t required for small businesses to win #3 Professional development is table stakes; Broker relationships are key #4 Health & Wellness remains a crucial category #5 Personalization wins over big budgets or “popular” benefit offerings #6 All-inclusive stipends support diverse employee preferences Thanks to Shelby Wolpa, Sabrina Greenwood-Briggs, SHRM-SCP, Patrick Mercer, Stacey Boschetto, Lance Haun, and Emily Goodson for their insights! See the full blog here: https://hubs.li/Q02mH9Yv0 #lifestylebenefits #employeebenefits #stipends
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There aren't many #proactive #care and person-to-person #benefits programs out there, yet 73% of employees and 81% of managers said they are more likely to stay with an employer that offers “high-quality” #mentalhealth resources [according to a report by?Modern Health?and Forrester Consulting.] Read more below about what #hr leaders are paying attention to, and you'll connect the dots as to why #MarketplaceChaplains Care Teams are so pivotal to better benefits and better employees!
Why HR should pay attention to these three benefits
hr-brew.com
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A recent report shows increased health savings account contributions. What does this mean for employers? - Increased employee engagement with their health benefits; - A healthier and more financially secure workforce. HSAs are one of the many financial wellness solutions #Insperity offers. Enhance your benefits package and support your team’s well-being with our comprehensive benefits solutions. #EmployeeBenefits #Healthcare #FinancialWellness #HRThatMakesADifference https://lnkd.in/eX-Wpvih
Health Savings Account Asset Growth Booming
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A recent report shows increased health savings account contributions. What does this mean for employers? - Increased employee engagement with their health benefits; - A healthier and more financially secure workforce. HSAs are one of the many financial wellness solutions #Insperity offers. Enhance your benefits package and support your team’s well-being with our comprehensive benefits solutions. #EmployeeBenefits #Healthcare #FinancialWellness #HRThatMakesADifference https://lnkd.in/evt35e_a
Health Savings Account Asset Growth Booming
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Strategic partnerships | GTM & distribution strategy | Digital health, benefits & insurtech
1 周Great insights on personalized and flexible benefits structure - love "they'll use what they choose".