{"id":7757,"date":"2024-02-02T13:35:07","date_gmt":"2024-02-02T19:35:07","guid":{"rendered":"https:\/\/www.bbrown.com\/insight\/a-sustainable-employer-framework-for-effective-global-health-well-being-strategies\/"},"modified":"2024-02-02T13:35:07","modified_gmt":"2024-02-02T19:35:07","slug":"a-sustainable-employer-framework-for-effective-global-health-well-being-strategies","status":"publish","type":"insight","link":"https:\/\/bbrown.com\/ca\/insight\/a-sustainable-employer-framework-for-effective-global-health-well-being-strategies\/","title":{"rendered":"A Sustainable Employer Framework for Effective Global Health & Well-Being Strategies"},"content":{"rendered":"

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Employee Benefits<\/p>\n

\n A Sustainable Employer Framework for Effective Global Health & Well-Being Strategies\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″]\n
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\n A Sustainable Employer Framework for Effective Global Health & Well-Being Strategies\n <\/h1>\n\t\n <\/div>[vc_column_text]Considering worldwide events and trends like a global pandemic, socio-economic volatility, geo-political conflict and rising rates of chronic health conditions, supporting the well-being of global employees has become a top priority for multi-national organizations. In a 2023 survey of global employers, 80% reported they have or are developing a globally consistent well-being strategy1<\/sup>, a significant upward trend and a shift compared to prior years.<\/p>\n

Before developing such strategies, employers need to understand the macro challenges and trends influencing the need for effective global well-being plans and outcomes.<\/p>\n

We believe the following FIVE<\/strong> macro challenges and trends are driving the increased need for employers to focus on global well-being as a top priority:<\/p>\n

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  1. COVID-19 disrupted global rates of well-being, particularly mental health:<\/strong> the pandemic led to a 27.6% increase in depression and a 25.6% increase in anxiety globally.2<\/sup> In another global survey of employees in 2022, only 44% rated their well-being positively, while 73% reported moderate to high levels of stress3<\/sup>.<\/li>\n
  2. Rising rates of obesity and metabolic disease:<\/strong> worldwide obesity has tripled since 1975, and most of the world\u2019s population now lives in countries where being overweight kills more people than underweight.4<\/sup> This has contributed to a global increase in chronic conditions, including diabetes.<\/li>\n
  3. A competitive talent landscape:<\/strong> according to a 2023 study, 77% of global employers report difficulty filling open roles \u2013 a record 17-year high.5<\/sup> This reality also tracks with global employee sentiment, as 6 in 10 are considering leaving their current employer.3<\/sup><\/li>\n
  4. Exponential growth in global health venture funding and innovation:<\/strong> the ten years from 2012 to 2021 delivered exponential growth in funding for digital and virtual health solutions ($1.6B compared to $29.3B for 2012 and 2021, respectively). Although funding decreased in 2022 to $15.3B, employer interest in the sustainable deployment of innovative health solutions remains high6<\/sup>.<\/li>\n
  5. Vocal employee sentiment and greater expectations around well-being support:<\/strong> only one in three (34%) of employees say their employers care about their well-being, and a similarly small percentage (35%) say their company\u2019s well-being programs are attractive to new employees3<\/sup>. Employee sentiment around well-being support is also closely linked to perspectives around the organization\u2019s support for Diversity, Equity, Inclusion and Belonging (DEIB).<\/li>\n<\/ol>\n

    Given these challenges, employers should adopt a sustainable framework that can be iterative and refreshed to deliver an effective and adaptable global health and well-being strategy.<\/p>\n

    Brown & Brown has developed a five-part framework for employers and their global health and well-being strategy. The framework relies on the following employer actions:[\/vc_column_text][vc_single_image image=”6743″ img_size=”full” alignment=”center”][vc_column_text]<\/p>\n

    I. Discover<\/h3>\n