MetLife Employee Benefit Trends Holistic Well-Being

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Supporting Employees by Embracing a Model of Holistic Well-Being
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MetLife Employee Benefit Trends

Supporting Employees by Embracing a Model of Holistic Well-Being

Chapter 3

Key Takeaways:

  • Employers’ support of employees’ holistic well-being — through programs that address physical, financial, mental and social health — can make a measurable difference.
  • Improving well-being across physical, financial, mental and social health leads to higher workforce engagement, productivity and loyalty.
  • Financial wellness is particularly important for holistic well-being. Employees with poor financial health also rate their mental, social and physical health significantly lower than the average.
  • Lack of awareness and understanding of employee wellness programs may limit usage.
Traditional approaches to employee well-being have limited impact because they fail to account for broader aspects of well-being, including mental, social, financial and physical health.
Because these elements are interconnected and impact one another, a model of holistic well-being can help employers shape programs and benefit plans that address all aspects of employees’ well-being.
The components of holistic well-being:
1. Mental health – Condition of psychological and emotional well-being
2. Financial health – State of personal and family financial security
3. Social health – Ability to form satisfying interpersonal relationships with others
4. Physical health – Level of illness, injury and general lifestyle
In a normal environment, employees may struggle in one or two areas of well-being, but the COVID-19 pandemic has impacted employees across all elements. Taking a holistic approach will be critical for companies both to help their employees manage the crisis and support their business’ recovery. 

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Employers who are providing benefits during the crisis are impacting employee well-being

Data from the start of COVID-19 shows that employees report greater holistic well-being when their employers offer benefits to help them manage the crisis.

Do you feel your employer is offering benefits or programs that help support or improve your well-being during this time?
No, they are not
Yes, they are
Mental health
65%
78%
Financial health
54%
71%
Social health
57%
72%
Physical health
62%
74%

What’s more, productivity, engagement and loyalty improve when employees are healthy overall.  

Financial health plays a critical role in overall well-being

In the context of COVID-19, employees state financial health is a top concern. Financial health may be linked to poor physical, mental and social health.

In the context of COVID-19

Percentage of employees are concerned about their financial health in the wake of the pandemic

52%

Wellness programs can have an impact in areas of concern like financial health, but increased awareness of these programs is needed.

Download the full study for:

  • A deep dive on how financial health affects holistic well-being
  • Strategies to drive employee awareness

Learn how to empower your employees to leverage their benefits.

Employee Benefit Trends

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