Access Report2023 Employee Wellness Industry Trends Report
This report provides an in-depth examination of the wellness strategies that companies are implementing in 2023. The survey covers three main areas: investment trends, factors that influence investment decisions, and vendor selection criteria. Additionally, this year’s report includes special sections focused on mental health and financial wellness, highlighting new solutions and popular vendors that employers are using in 2023.
Access the complete report to gain a full understanding of the report’s findings.
The survey identified 23 different wellness programs and strategies, such as stress management, reimbursement for gym memberships, and telemedicine, that employers may be considering investing in during 2023. Respondents were asked if they expect their employer clients to invest less, the same, or more in these programs. On average, 64% of respondents plan to spend more on these programs in 2023, 35% plan to invest the same amount, and fewer than 1% of respondents plan to invest less.
As wellness programs become more popular and the cost of benefits continues to increase, employers of all sizes are offering more comprehensive and competitive benefits. As a result, employers will continue to invest more in these programs.
In 2023, employers are likely to focus their investments on the following benefits: mental health (91%), stress management and resilience (77%), mindfulness and meditation (74%), financial wellness (65%), and telemedicine (65%). With mental health being a major concern, three of the top five benefits are closely related to this area. Employers are also investing in telemedicine to improve access to affordable healthcare. Notably, financial wellness is making a comeback on the list, indicating that employers are proactively addressing their employees' concerns about the uncertain economic situation.
Percentage Of Employers Investing More
Percentage Of Employers Investing Less
Employers appear to be moving away from benefits that require in-person interactions, even though the COVID-19 pandemic is perceived to be a waning threat. This shift is likely due to the availability of alternative solutions that meet the same wellness goals at a lower cost and are better suited for hybrid work arrangements.
For instance, instead of organizing health fairs and on-site fitness classes, employers can often achieve the same wellness goals through more affordable and scalable options such as informational office hours with benefits providers, webinars, targeted marketing, and newsletters. These events can also be held virtually, which requires less investment.
Additionally, other trends are being guided by expert advice and the best available scientific evidence. For example, employers have been decreasing their investments in biometric screenings and health risk assessments as research questions their efficacy. As organizations seek to develop more scientifically informed and evidence-based wellness solutions, it is predicted that these offerings will become less popular in the future.
The report includes six years of historical data, providing valuable context for understanding the changes in employee well-being. The gradual year-over-year trends allow for a better understanding of the strategies organizations are implementing to support the well-being of their employees. The report also covers the trends and changes in different areas of employee well-being, such as mental health and financial wellness. To gain a comprehensive understanding of the data and findings, please access the full report.