As the COVID-19 pandemic impacted businesses in an unprecedented way, a lot of organizations opted for cost-cutting measures and the impact on employee benefits and human capital functions was imperative. While these cost-cutting initiatives are affecting various human capital functions, the impact on employee engagement and wellbeing programs are majorly positive!
According to research by ekincare, over 70 percent of responders felt COVID will have a positive impact on the health and wellbeing activities and employee engagement at their organization!
The research also found that with lockdown enforced pan India, organizations had to adopt new ways of working that urged employees to work from home. While extensive communication helped increase awareness around COVID protection, telemedicine brought healthcare services to the employee’s phone. Engagement activities helped keep employees mentally and physically fit during these tough times.
The report also suggests re-evaluate employee wellbeing strategy for the future. COVID-19 impact has exposed an open hole in the potential of organizations to help keep their employees healthy and ensure business continuity. While corporates are looking to pivot to the new ways of working, there are no expenses spared in the wellbeing department.
Kiran Kalakuntla, CEO and Founder, ekincare, said, “It’s interesting to note the importance that employers are looking to spend on the health benefits of their employees. This trend has definitely come into existence only because of the COVID-19 pandemic. This is definitely a positive outcome during these trying times – by establishing this; employees will also understand that their employers are investing in their health. At ekincare, we strongly believe that corporates benefit from having healthy employees and this is a trend to stay.”