Health Systems, Researchers, Workforce Health | By | 06/21/18 | 2 Minute Read

Latest Findings From the 2018 PwC Health And Well-Being Touchstone Survey

In the 11th annual PwC Health and Well-being Touchstone Survey, PwC looked at health and benefits trends across 900 employers. Some themes? Managing healthcare costs continue to be a pain point for employers, and employees seem to value a holistic rewards approach in their employers.

More highlights below.

From employers:

    • Managing stress and preventing burnout is the top challenge to employers’ people strategy.
    • Employers see compensation and medical benefits as the top two workplace attributes that attract employees to their company..
    • 51% of employers offer reduced hours for flexibility, up from 27% in 2017.
    • In fact, this increased flexibility may substitute for PTO. 94% of employers are not making changes to their PTO policies, and 41% do not allow carryover.
    • 28% are interested in offering social well-being programs.
    • 24% are interested in offering stress management and weight management.
    • More employers are also looking to engage their millennial workforce. Over one-quarter of mid-size and larger employers plan to offer student loan repayments.

About employees:

    • Contrary to employers thinking the top workplace attributes that attract employees, it seems employees care more about a holistic rewards approach. 83% of highly engaged employees value diversity and core values. 83% value company mission. And 80% value flexibility as well as learning and mentoring opportunities.

In health plan offerings:

    • Employers expect medical cost increases of about 6.2% in 2018.
    • Small employers (with under 1,000 employees) are expecting the highest medical cost increases. They will have an average net cost of $10.5K, compared with $9.3K for employers with 5,000+ employees.
    • PPOs and HDHPs remain popular: Of employers offering only one health insurance plan, 51% offer a PPO. HDHPs are more prevalent with employers who offer multiple plans, and are the highest-enrolled plan (37%) for employers.
    • Employers are adding plan elements to better manage care. Well more than half of employers offer care management, telemedicine and a 24-hour nurse line.

You can download the full report from PwC.

This article is not intended to substitute for informed medical advice. You should not use this information to diagnose or treat a health problem or condition. Always check with your doctor before changing your diet, altering your sleep habits, taking supplements, or starting a new fitness routine.

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