Tailored approach to health and wellness benefits is a better option
Source: Middle East Insurance Review | May 2024
Multinationals can better address employee health concerns if they fully understand and consider the needs of all their employees. A new report recommends that employers offer a tailored approach to health and wellness benefits that incorporates factors such as industry, culture and gender.
The new 44-page report by MAXIS Global Benefits Network (GBN) published in February 2024 said if employers “step away from the ‘one-size-fits-all’ approach that has been traditionally adopted to achieve equality when forming wellness plans, they can really address the differing needs and health concerns of their people, with better outcomes for everyone”.
The report How do industry, culture and gender affect your workforce’s health? analyses the factors impacting employee health and looks at how multinationals can ensure their wellness plans deliver the best outcomes for both their employees and their organisation.
The report looks at how industry, culture and gender impact a variety of different health claims. All three of these factors have the potential to impact mental health claims, yet only a tiny proportion of all paid claims (1.6%) in MAXIS GBN’s data are for mental health conditions. This is although 22.9% of claims incidence in the retail industry alone were for mental health. M