Leadership during good economic times has its challenges. But those challenges increase when the economy is tough. And in these conditions, leaders and managers must keep a sharp eye on their environment, prepare for recovery, show enthusiasm and energy, and support their people.
Giving support and extending help to employees especially on providing employee benefits is relevant to your business since in good times and bad, organizational success relies on engaged employees because engaged employees are productive employees.
Recently, Gallagher’s 2020 Benefits Strategy & Benchmarking Survey identified that workforce productivity trends are related to benefit offerings, employee well-being, and employee communications and engagement. The financial uncertainty triggered by the pandemic has caused employees to think more about medical coverage. Employee interest in specific benefits has grown, employees are more interested in health insurance this year.
As part of our look ahead to 2021 challenges, business owners and leaders are highly encouraged to review and refocus their employee benefits priorities for the year ahead. To lead and succeed in a downturn, managers should carefully understand which benefits can help address employees' concerns in today's environment.
Here's to overcoming challenges together, from the team at Anista Employee Benefits. 😃