{"id":746879,"date":"2023-04-12T06:33:31","date_gmt":"2023-04-12T10:33:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/addressing-employee-stress-is-key-to-a-comprehensive-benefits-strategy-according-to-mercer-marsh-benefits\/"},"modified":"2023-04-12T06:33:31","modified_gmt":"2023-04-12T10:33:31","slug":"addressing-employee-stress-is-key-to-a-comprehensive-benefits-strategy-according-to-mercer-marsh-benefits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/addressing-employee-stress-is-key-to-a-comprehensive-benefits-strategy-according-to-mercer-marsh-benefits\/","title":{"rendered":"Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nOver 17,500 employees surveyed in 16 markets across the globe<\/p>\n<\/li>\n<li>\nNearly half of all employees (47%) report feeling stressed in their everyday life, but nearly 70% of employees believe their employer would support them in a time of need<\/p>\n<\/li>\n<li>\nEmployers that offer a wider array of benefits see higher employee satisfaction<\/p>\n<\/li>\n<\/ul>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLeading health and benefits consultancy Mercer Marsh Benefits, a business of Marsh McLennan, today released its 2023 Health on Demand Report, which revealed that employee stress is a critical issue for talent attraction and retention.<\/p>\n<p>\nThe <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mercer.com%2Four-thinking%2Fhealth%2Fhealth-on-demand-2023-survey-report.html&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=2023+Health+on+Demand+report&amp;index=1&amp;md5=30cfb932faf3d3ff5d017f73aa819dc2\">2023 Health on Demand report<\/a> surveyed over 17,500 employees in 16 markets across the globe about their priorities when it comes to health and well-being, highlighting the voice of the employee so employers can better address their needs. The results show that almost half of all employees (47%) report feeling stressed in everyday life. When asked what factors put them at risk for burnout at work, the top three were work pressures (54%), poor leadership (39%), and toxic culture (37%).<\/p>\n<p>\nAddressing employee stress and burnout starts with addressing psychological safety in the workplace. Only 58% of employees agreed or strongly agreed that they feel free to speak their mind without fear of negative consequences. Leading employers are tackling the underlying causes of workplace stress as part of a comprehensive and inclusive benefits strategy, such as reviewing job design and supervisor competencies, creating a culture of belonging and inclusive decision making, and offering benefits such as reduced cost mental health treatment and virtual counseling. Encouragingly, nearly 70% of employees globally believe their organization would support them in an emergency or time of need.<\/p>\n<p>\nBeyond work stressors, 21% of employees are concerned about affording healthcare, with women (26%), and single mothers in particular (32%), significantly more likely to lack confidence that they can afford needed healthcare than men (18%). Employers are in a unique and critical position to address healthcare gaps by exploring benefits and employee experience strategies that balance human and digital health delivery and respond to the different needs of a diverse workforce.<\/p>\n<p>\nAdditionally, the findings show that employees who believe their employer cares about their health and well-being are much more likely to be thriving \u2013 feeling positive about their health, wealth, and careers. The findings also show that there is a positive correlation between higher levels of benefits and employee satisfaction. In fact, employees who receive 10 or more benefits are more likely to believe their employer cares about their health and well-being, are less likely to move to a different employer, and are more confident that they can afford the healthcare their family needs.<\/p>\n<p>\nHerv\u00e9 Balzano, President, Health, Mercer &amp; Global Leader, Mercer Marsh Benefits highlighted the importance of offering a wide range of benefits: \u201cIn recent years, employees\u2019 health and well-being have been put under pressure by multiple crises \u2013 ranging from economic and geopolitical conflicts to the global pandemic. Our research shows how these challenges, along with multiple pressure points facing healthcare systems, have brought to light significant gaps in protection for workforces. This is particularly true among groups such as low-paid workers, caregivers, and women,\u201d said Mr. Balzano.<\/p>\n<p>\n\u201cThe findings from Health on Demand clearly show that by providing comprehensive benefits, employers can address these risks, protect their employees and ultimately create a foundation for them to thrive at work and beyond,\u201d he added.<\/p>\n<p>\nAmy Laverock, Global Advice and Solutions Leader at Mercer Marsh Benefits, underscored the need for employers to take a values-based approach to their benefits strategies.<\/p>\n<p><i>\u201c<\/i>Employees who feel cared for by their employer are more likely to report organizational leadership that is committed to a healthy culture. Work-related commitments such as embedding well-being in job design and taking action on issues such as living wages and social justice are a key part of this,\u201d said Ms. Laverock. \u201cIt also means giving employees confidence that they can afford the healthcare that they and their families need and having access to benefits that are relevant to them.\u201d<\/p>\n<p><b>About the 2023 Health on Demand Report<\/b><\/p>\n<p>\nThe 2023 Health on Demand Report was fielded in October-November 2022, and surveyed 17,531 employee respondents in 16 global markets about their priorities when it comes to health and well-being. The resulting report captures the voice of the employee to inform discussion around employee health and well-being needs, including the relationship between providing benefits and enabling employees to thrive, benefits that are suitable for the environment in which employees live, and benefits aligned with company purpose to support the wider health of society.<\/p>\n<p><b>About Mercer Marsh Benefits<\/b><\/p>\n<p>\nMercer Marsh Benefits provides clients with one source for managing the costs, people risks, and complexities of employee benefits. The network is a combination of Mercer and Marsh experts working across more than 150 countries to develop local solutions drawn from global expertise.<\/p>\n<p><b>About Mercer<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mercer.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Mercer&amp;index=2&amp;md5=27e6b4f3b7ab7361532c2601bc422ca0\">Mercer<\/a> believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer\u2019s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marshmclennan.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Marsh+McLennan&amp;index=3&amp;md5=3e5665e47123bf64b4a539545a18aeec\">Marsh McLennan<\/a> (NYSE: MMC), the world\u2019s leading professional services firm in the areas of risk, strategy and people, with 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marsh.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Marsh&amp;index=4&amp;md5=47f29fae8a46ce610e4cba5a329c203e\">Marsh<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.guycarp.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Guy+Carpenter&amp;index=5&amp;md5=0edea772619cf8135548e8f6659cb20b\">Guy Carpenter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.oliverwyman.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Oliver+Wyman&amp;index=6&amp;md5=fca251393b0f528ed2f585e2ee80666a\">Oliver Wyman<\/a>, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mercer.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=www.mercer.com&amp;index=7&amp;md5=4d6270dd0bd848114e86562727fbfb5b\">www.mercer.com<\/a>. Follow Mercer on Twitter <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.twitter.com%2Fmercer&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=%40Mercer&amp;index=8&amp;md5=b96d7f1dc53ff121a4fe3bffe466f565\">@Mercer<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmercer%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=9&amp;md5=b80af51626bad7a76178a2cbc47a610f\">LinkedIn<\/a>.<\/p>\n<p><b>About Marsh<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marsh.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Marsh&amp;index=10&amp;md5=47e15641d4a207741de49a6a76f9d0ab\">Marsh<\/a> is the world\u2019s leading insurance broker and risk advisor. With over 45,000 colleagues operating in 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marshmclennan.com%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Marsh+McLennan&amp;index=11&amp;md5=9ab4618208aa32ef9f6719c7ebe51267\">Marsh McLennan<\/a> (NYSE: MMC), the world\u2019s leading professional services firm in the areas of risk, strategy and people. For more information, follow Marsh on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmarsh%2Fmycompany%2Fverification%2F&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=12&amp;md5=1b8fd73cc121a89e7dbf71f8101d1773\">LinkedIn<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FMarshGlobal&amp;esheet=53380031&amp;newsitemid=20230412005352&amp;lan=en-US&amp;anchor=Twitter&amp;index=13&amp;md5=0b6b695180ebb0d4e995dab35bd2f35c\">Twitter<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230412005352r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230412005352\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230412005352\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Cassie Lenski<br \/>\n<br \/>Mercer<br \/>\n<br \/>+1 469 841 8999<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Cassie.Lenski@Mercer.com\">Cassie.Lenski@Mercer.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consulting Data Management Technology Professional Services Business DEI (Diversity, Equity and Inclusion) Other Technology Other Professional Services Networks Human Resources Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230412005352\/en\/1053244\/3\/2021_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits Over 17,500 employees surveyed in 16 markets across the globe Nearly half of all employees (47%) report feeling stressed in their everyday life, but nearly 70% of employees believe their employer would support them in a time of need Employers that offer a wider array of benefits see higher employee satisfaction NEW YORK&#8211;(BUSINESS WIRE)&#8211; Leading health and benefits consultancy Mercer Marsh Benefits, a business of Marsh McLennan, today released its 2023 Health on Demand Report, which revealed that employee stress is a critical issue for talent attraction and retention. The 2023 Health on Demand report surveyed over 17,500 employees in 16 markets across the globe &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/addressing-employee-stress-is-key-to-a-comprehensive-benefits-strategy-according-to-mercer-marsh-benefits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746879","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/addressing-employee-stress-is-key-to-a-comprehensive-benefits-strategy-according-to-mercer-marsh-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Addressing Employee Stress Is Key to a Comprehensive Benefits Strategy, According to Mercer Marsh Benefits Over 17,500 employees surveyed in 16 markets across the globe Nearly half of all employees (47%) report feeling stressed in their everyday life, but nearly 70% of employees believe their employer would support them in a time of need Employers that offer a wider array of benefits see higher employee satisfaction NEW YORK&#8211;(BUSINESS WIRE)&#8211; Leading health and benefits consultancy Mercer Marsh Benefits, a business of Marsh McLennan, today released its 2023 Health on Demand Report, which revealed that employee stress is a critical issue for talent attraction and retention. 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