The COVID-19 pandemic has motivated companies to double down on employee experience and wellbeing, and to understand how those things directly tie to productivity and retention rates. Employee benefits have a critical role: A 2021 survey by Harvard Business Review Analytic Services showed that 80% of executives believe it’s important that employees engage with and take full advantage of their benefits.
They cited a multitude of reasons why, with employee welfare high among them. When asked to identify the most valuable outcomes from strong employee engagement with benefits, 71% cited healthier employees, 52% cited improved employee retention, and 42% cited lower healthcare costs overall. This trend underscores how critical it is to provide the right balance of tools, perks, and benefits to ensure employees are productive, engaged, and happy, because employee experience and wellbeing directly correlate to a company’s bottom line.
Andrew Dubowec, chief growth officer at League, and Cristina Goldt, general manager, talent optimization at Workday, recently led a customer roundtable to talk about how the pandemic has dramatically upleveled the importance of employee experience, all the way up to the C-suite. League is a Workday Ventures’ portfolio company—and its health operating system integrates with Workday Human Capital Management