Health and wellness top priority in changing jobs for Indian workforce: Report

Health and wellness has become a top priority for a majority of workers in India planning to change jobs according to a report on WednesdayThe report by Aon a global professional services firm showed that 82 per cent of employees in India are seeking new employment in the next 12 monthsThe top five valued benefits for the Indian workforce are worklife balance programmes medical coverage career development paid time off and retirement savingsMedical coverage was one of the highestvalued benefits across all generations among those surveyed in India with Gen X and Gen Y rating it higher than Gen Z Gen Z rated worklife balance as the topvalued benefitIn addition 76 per cent of those surveyed said they would be willing to sacrifice existing benefits for a better choice of benefits This highlights the necessity for businesses in India to align their total rewards and benefits strategies with the changing expectations of their workforceldquoUntil recently very few companies considered how benefits wellness and healthcare programmes could shape their employer brand and employee value proposition PostCovid we are seeing changes as employees increasingly value these programmes and companies are more actively branding and communicating their availability to current and future employeesrdquo said Nitin Sethi head of Talent Solutions for India at AonldquoA multigenerational workforce is accelerating this change while advanced technology is making it easier to implement these programmesIn the next decade companies that excel in benefits health and wellness will have a significant opportunity to position themselves as bestinclass employersrdquo he addedThe report is based on a global study of more than 9000 employees across 23 geographies including the US UK China India and AustraliaIt found that better than average pay 46 per cent environmentally and socially responsible 24 per cent support for wellbeing 22 per cent fun place to work 21 per cent and strong values 21 per cent were the top five most influential characteristics to attract employees in the countryldquoEmployees are increasingly aware of the advantages of medical and life benefitsrdquo said Ashley Dsilva head of Health and Wealth Solutions and director and principal officer for India at AonldquoThe importance of retirement and financial planning among the young workforce is surprising Dsilva addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoeveratOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params