Employee health and wellbeing space is ever-changing.
With the recent COVID-19 pandemic shifting the spotlight on employee health and wellbeing, employers are reconsidering their investments and workplace benefits packages.
To understand the latest corporate wellness trends, Shortlister surveyed 125 top benefit consultants in the USA. We have briefed the outcomes of this Shortlister survey in 3 previous blogs –
In addition to the latest corporate wellness trends and wellbeing investments, the survey also studied the impact of the pandemic on employee wellbeing and its association with diversity, equity, and inclusion (DEI) factors.
Diversity, Equity, and Inclusion (DEI) Trends
In the past decade, the factors related to diversity, equity, and inclusion (DEI) have become crucial considerations while planning workplace policies. However, the recent pandemic has escalated the need to prioritize these issues due to social unrest, legal rules, and media speculations.
In the current Shortlister survey, the benefits consultants and HR teams were asked questions regarding the DEI initiatives and the percentage of clients implementing them in their workplace wellness strategies. Seven specific questions about their DEI initiatives were asked to the respondents. The change in client interest in 2020, and the possible change in interest until the end of 2021 were observed.
Based on the survey outcomes, it was observed that almost 32.6% of the respondent’s customers were implementing various diversity, equity, and inclusion objectives in their workplace wellness strategy.
Here are the employer interest levels of the 7 diversity, equity, and inclusion (DEI) factors studied in this Shortlister survey and other related outcomes.
Corporate Social Justice Consulting
Although considered a new trend, the advocacy for corporate social justice had increased in 2020. Almost 70% of the respondents agreed that the interest in consulting factors for corporate social justice is likely to increase in 2021.
DEI Consulting Interests
A lot of social protests, activism, and overall unrest were seen in the summer of 2020. Organizations were pressured to address many issues, including DEI conversations and concerns like never before. According to the survey outcomes, almost 70% of the respondents observed an enhanced interest in DEI consulting factors. These numbers were expected to grow much more in 2021.
DEI Training Interests
As organizations were already facing multiple issues from the lost productivity and economic loss due to the pandemic, it came as a major blow for many when the DEI issues cropped up, adding to the woes. The mistreatment and vulnerability of the disadvantaged communities at their workplaces came to light. Many companies reacted differently to these issues, and different types of DEI training were implemented at the workplaces. According to the survey, in 2020, almost 75% of the consultants saw an increased interest in the DEI training factors, and it is expected to grow in 2021.
EEOC Compliance Interests
Owing to the DEI issues, the demand for Equal Employment Opportunity Commission (EEOC) Compliance programs has risen in the market. In 2020, more than 33% of the responding consultants saw an increase in EEOC program interests. As the unemployment and recruitment rates are rising substantially in 2021, the EEOC program interests are also expected to grow.
DEI Assessments Interests
To make DEI programs a part of the workplace wellness strategy, employers must first start by taking DEI Assessments. Like any other evaluation, the DEI Assessments help identify the blind spots to build the programs around it for long-term engagement and success. Ideally being long-term workplace wellness strategies, the survey reported a considerable increase in DEI Assessment interests in 2020. Although it was not as high as the other DEI factors, almost 70% of the respondents still felt the numbers would increase in 2021.
Pay Equity Assessments
The financial uncertainties and economic downfall in 2020 marked only 25% of the consultants agreeing about interests in Pay Equity Assessments. However, since the economy has stabilized and recruitment efforts are back on track, these numbers for interests in Pay Equity Assessments are expected to increase in 2021.
Affirmative Action Compliance Interests
Of the seven different DEI program factors, the Affirmative Action Compliance type probably saw the lowest growth rate in 2020 when it came to company interests in implementing them. However, a majority of the survey respondents have anticipated an increase in these interests in 2021.
The pandemic has brought a lot of turbulence and changed the way people are living their daily lives. The years 2020 and 2021 have brought many shifts for employees, employers, and overall workplace culture. With an overnight transition to remote working and the focus shifted on employee financial and mental wellbeing, employers have been forced to reconsider the workplace policies and employee benefits packages. However, to ensure the best support and resources for your workforce, it is crucial to understand the current corporate wellness trends.
Only when employers and corporate wellness program providers evolve on par with the latest wellness trends, including the investment and DEI program trends, can they improve overall workplace wellness, boost employee engagement, and give a competitive edge in the market.