Employee Coverage is Family Coverage

Employee Coverage is Family Coverage

The benefits world is rife with the next "bigger, better, smarter, and faster" new thing for your employees. When it comes to maintaining a happy and healthy workforce, sometimes mastering two major life events can mean the world to employees – when families split apart and when families grow. Specifically, these two benefits areas are divorce coaching and a comprehensive navigation service for parents.

When people are divorcing the emotional distress in the workplace can be devastating, negatively affecting both personal lives and professional relationships. With nearly 50% of marriages in the US ending in divorce and according to the classic rating scale of stressful life events, divorce consistently ranks second, surpassed only by the death of a spouse or child. On the job productivity of individuals in this situation can drop to between 50 and 75 percent according to a study done by Integrated Organization Development. Add days taken off to deal with legal, financial, and psychological issues related to the divorce, and the impact becomes even more significant.

Likewise, parenting adds another layer of complexity for an employee. The management of parenting can be overwhelming and stressful, and its navigation can be complicated.

Key Takeaways:

• Learn why taking care of an employee’s family goes a long way in that employee’s retention

• Discuss how employee benefits can also help improve employee productivity and engagement

• Understand how family benefits can help improve employee satisfaction

For Health Action Council members only
SHRM, HRCI, and CEBS credit