For growth companies, the quest to provide comprehensive employee benefits packages poses a formidable challenge. As these organizations navigate the delicate balance between fostering employee wellbeing and managing resources efficiently, they often find themselves grappling with constraints of time, budget, bandwidth and an ever-expanding array of benefit solutions in the marketplace. Yet, the stakes are high when it comes to offering meaningful wellbeing benefits. According to Gallup, 69% of employees are less likely to search for a new job when they strongly agree that their employer cares about their overall wellbeing.

The good news? Crafting a top-tier wellbeing program that addresses physical, emotional, family and financial wellbeing doesn’t have to break the bank.

Top Wellbeing Concerns and Solutions

Here are a few areas growing companies particularly grapple with and some potentially winning strategies:

  • Mental Health Care: Current Employee Assistance Programs (EAPs) often fail to engage employees. However, enhanced EAPs address scheduling and waiting time dilemmas, leading to higher engagement. An emphasis on personalized care plans with a dedicated care navigation system results in improved outcomes. A case in point is Sequoia’s collaboration with Spring Health, which resulted in engagement rates of 52% across client employees.
  • Preventive Care: Preventive care is often overlooked due to the overwhelming growth in on-demand care. Partnerships with organizations like One Medical can bridge this gap. With Sequoia’s partnership with One Medical, an average of 50% of client employees enrolled and 41% were clinically engaged.
  • Musculoskeletal Care: Musculoskeletal (MSK) health often attracts high healthcare costs. Employers can address these costs with preventive care and treatment, particularly through telehealth services. As an example, Sequoia’s partnership with Omada for Joint & Muscle Health resulted in a 93% improvement in MSK health concerns reported by employees.

Learn more about how to craft an effective wellbeing program on a budget and the effectiveness of Sequoia’s strategic vendor partnerships in our latest whitepaper.

Shannon Arens — Shannon is a Wellbeing Consulting Manager at Sequoia. She partners closely with Enterprise clients to assess, develop, and recommend a holistic wellbeing strategy designed to the meet the diverse needs of employees. Outside of work, Shannon enjoys spending time with her two children, going for a run, or relaxing in her backyard.