Employees’ stress, burnout and mental health issues exacerbated by the pandemic continue to be the main workforce concern of employers in India. Employers are reshaping their benefits strategy amid an increasing focus on wellbeing and employee experience. 65% of employers in India have said that their top strategic focus will be on integrating employee wellbeing into the benefits package over the next two years.
77% of employers plan to have customised their benefits strategy in the next two years, compared to 36% today.
Increased focus on inclusion and diversity, increased remote working and rising costs are driving the benefits strategy.
Stress, burnout and mental health issues are the top concerns for employers today.
Improved employee wellbeing and employee experience of benefits are the top success measures.
Organisations will take a wide range of actions around wellbeing, flexibility and choice, communication and employees’ understanding of value.
Most employers aspire to adopt an enhanced digital strategy for benefits in the next two years.
Cost and risk management and greater efficiency are the key objectives in managing benefits.
The 2021 Benefit Trends Survey highlights report examines employer priorities, and the measures organisations are taking or looking to take to modernise their benefit programmes.
If you want to speak to a Willis Towers Watson expert around the survey results or to get a Benefit Trends Survey scorecard, please write to WTWIndia@willistowerswatson.com. Even though the 2021 survey results are available, you can still take our survey and receive a personalised scorecard that benchmarks your organisation to your peers, and speak with a benefit strategy consultant at no charge.
Please complete the form on the right to receive the highlights of the findings.
