As companies are increasingly concerned with how employee well-being affects their bottom lines, a Humana Inc. study has identified top employee stressors it says take a toll on workers’ health.
In the 2017 Humana Wellness Trends Report five trends are identified that the study says are “making a significant impact in the world of wellness.” Although none are new, they are the target of increasing attention, as their prominence in impacting employee health grows.Pointing out in the report that health care costs currently account for an average of 7.6 percent of an organization’s budget, Humana writes that “addressing these trends in the workplace can make a significant difference overall.”
An aging population, with attendant problems such as employees serving as caregivers to older relatives, is one trend affecting well-being. Rising health care costs can siphon away employees’ own funds as they struggle to help loved ones, and so can the physical and emotional stress of caregiving.In fact, the report finds that, with approximately 20 percent of the U.S. workforce acting as caregivers, the cost to companies’ bottom lines is approximately $33 billion, with an additional $13 billion in related health care costs.
But there’s also the flip side, as employees themselves age and retire later. These employees, say the report, “may incur more health care costs due to having a higher likelihood of chronic conditions. Also, those who planned to retire later were ‘more likely to report stress, poor health, and feeling stuck in their jobs than people expecting to retire sooner.’”