• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Analysis.org

Intelligence Analysis in Market Context

  • Sponsored Post
    • Make a Contribution
  • Market Research Reports
    • Technology Analysis
    • Events
    • Venture Capital Analysis
  • Domain Analysis
  • About
  • Contact

Research Reveals Employer Investment in Health Benefits has Minimal Impact on Employee Health

August 19, 2019 By Analysis.org

New research from Harvard Business Review Analytic Services sponsored by League Inc., North America’s leading enterprise health OS, illustrates a disconnect between companies’ investment in health benefits and the impact on employee health. As a result, employers are realizing that modernizing the employee health experience is more crucial than ever.

As competition for talent increases and health care costs continue to skyrocket, companies are turning their attention and resources to redesigning the health benefits experience as a way to reign in costs while attracting and retaining skilled employees. In North America, employers are spending an estimated $15,000 per employee to provide health care benefits to their teams and these costs are continuing to rise. The survey of 238 executives found that 90% of respondents view employee health benefits as an important way to demonstrate their organization’s understanding and concern for the needs of their workers. What’s more, more than half (51%) of organizations expect such benefits will become an even higher strategic priority over the next three years.

Despite the massive investment employers are making, the survey revealed a stark lack of awareness among employees:

58% of survey respondents report that employees are unaware of the company-provided health benefits to which they are entitled; and
63% say employees don’t know enough about how to leverage their benefits.
This lack of employee awareness and knowledge is reflected in fairly low engagement levels with health benefit programs. Just 28% of respondents say employees actively engage with all of the health benefit programs they are offered, and only 27% of organizations say employees use the full range of their health benefits. The negative impact of such low awareness, knowledge, and engagement is often far more broad — resulting in higher overall health care costs, poorer employee health, employee absenteeism, and lower productivity.

Additionally, employees are often required to access multiple disparate systems in order to learn about and access their full range of health benefits. At just 10% of organizations can employees learn about and leverage the full range of available benefits through a single system; and at 13% of organizations, employees use more than five systems to access their benefits.

“There is a profound disparity between what employers are doing to provide health benefits and what employees are actually getting from these efforts,” said Mike Serbinis, CEO of League. “To close this gap and improve health outcomes while reducing costs, the entire ecosystem needs to become employee-centric. Employers need to think about how they can streamline the current sea of point solutions with an enterprise health OS and empower employees to proactively manage their health.”

Employees’ lack of awareness extends to the quality and cost of health care, as well as which plan is right for them. Well under half (41%) of organizations report that their employees are knowledgeable about which health benefits plan is right for them, and just over one-third (35%) of organizations report that employees are knowledgeable about the quality and cost of health care.

Organizations, for the most part, are open to change. Respondents at most organizations (68%) believe there are opportunities for their organization to better manage health benefits costs. The same percentage report their organization is open to changing its employee health care experience.

In June, League launched its Health Benefits Experience platform, HBXTM, to provide forward thinking employers like Unilever, Uber, Shopify, and Lush Cosmetics a centralized health, benefits and wellbeing platform, in order to deliver personalized health recommendations that actively support employees’ health and wellness through a single access hub. HBX creates a seamlessly integrated ecosystem of over 100 insurance carriers, health care partners, and HRIS systems. The always-on experience helps employees proactively leverage employer-sponsored programs to improve health and productivity while reducing health care and administration costs — addressing the pain points the data outlines.

For further insights, download the executive summary from Harvard Business Review Analytic Services and League: “The Key to Better Health: An Employee-Centered Benefits Experience.” The full report will be available in September and can be received by signing up on the landing page.

Survey Method: The Harvard Business Review Analytic Services survey was based on a total of 238 respondents drawn from the HBR audience of readers (magazine/newsletter readers, customers, HBR.org users).

About League
North America’s leading enterprise health OS, a data-driven platform designed to provide a single access hub for employees to engage with their health, lifestyle and benefit programs through its category-defining Health Benefits Experience: HBXTM. This new “front door” to health care eliminates the current sea of point solutions via an integrated ecosystem of over 100 insurance carriers, health care partners and HRIS systems. Customers like Unilever, Uber, Shopify, and Lush Cosmetics are amongst the hundreds of employers currently using League to revolutionize their employee experience, drive better benefit utilization & reduce costs.

About Harvard Business Review Analytic Services
Harvard Business Review Analytic Services is an independent commercial research unit within Harvard Business Review Group, conducting research and comparative analysis on important management challenges and emerging business opportunities. Seeking to provide business intelligence and peer-group insight, each report is published based on the findings of original quantitative and/or qualitative research and analysis. Quantitative surveys are conducted with the HBR Advisory Council, HBR’s global research panel, and qualitative research is conducted with senior business executives and subject matter experts from within and beyond the Harvard Business Review author community.

SOURCE League Inc.

Filed Under: Briefing

Primary Sidebar

Market Research Media

Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales

Market Analysis

Digital Museums: Elevating Your Collection and Engaging Visitors
With the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is positioning itself as a critical player in the EV industry
The US curbs on China’s semiconductor industry have a significant impact on the Asian semiconductor manufacturing landscape
The Immersive Experience in the Museum World
How insurers thrive in a turbulent market
Leveraging Artificial Intelligence to Drive Cost Savings and Productivity in Uncertain Times
The shipping industry is undergoing a significant change with the influx of new vessels arriving just as the growth of trade is beginning to slow down

Secondary Sidebar

Venture Capital

Gradient, a company specializing in eco-friendly heating and cooling solutions, has raised $18 million in a Series A funding round
The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement

Technologies

Nel Hydrogen Electrolyser has received a purchase order €12 million for 40 MW of alkaline electrolyser
The use of immersive technology in museums is still in its early stages
The low tech unemployment rate and hiring activity confirms the long-term demand for tech talent
Virgin Orbit and SatRev Sign Launch Services Agreement
Harnessing the Power of Innovation for a Better Tomorrow

Footer

Recent Posts

  • Balancing Sustainability and Technology: A Shift in Business Priorities
  • The Impact of COVID-19 on Public Social Spending: Rise and Fall of Public Social Spending
  • What is happening in Japan’s bond market?
  • Why private credit has become a magnet for finance executives
  • Why nearly one-third of Americans rely on tax refunds
  • China’s rapid reopening from COVID-19 has brought both joy and woe for world markets
  • Growing Green-Market Demand Provides Opportunities for Early-Movers to Commercialize Sustainability
  • Is the world economy in permacrisis?
  • What are signs of a global economic downturn?
  • Why digital transformation in the healthcare sector is a challenge

Media Partners

  • Exclusive Domains
  • Press Media Release
  • Briefly
  • OPINT
  • VPNW
  • S3H
  • Domain Aftermarkets
  • App Coding
  • API Coding
  • Blockchaining

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Domain Market Research
  • 3V

Copyright © 2017 Analysis.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT