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Top 15 Non-Insurance Benefits Employees Desire

Top 15 Non-Insurance Benefits Desired by EmployeesThe Iowa Healthiest State Initiative’s (HSI) vision is to become the healthiest state in the nation. In 2017, based on separate national indexes that provide different measures, Iowa is ranked #15 by the America Health’s Rankings®, and #21 by the Gallup-Healthways Well-Being Index®. The pursuit of this vision is both difficult and no doubt never-ending, but well worth the effort.

According to benefits provider, Unum, who recently surveyed 1,227 working adults in the U.S., the most coveted employee benefits is time spent away from the office. When presenting survey participants with 15 perks that are non-insurance and retirement related, participants were asked to choose their top five options. Ranked by popularity, the results are:

  1. Paid Family Leave* – 58%
  2. Flexible/remote work options* – 55%
  3. Professional development* – 39%
  4. Sabbatical leave* – 38%
  5. Gym membership or onsite fitness center* – 36%
  6. Student loan repayment – 35%
  7. Onsite healthy snacks* – 28%
  8. ID theft prevention – 28%
  9. Financial planning resources – 27%
  10. Fitness goals incentives* – 18%
  11. Public transit assistance – 16%
  12. Pet insurance – 15%
  13. Pet friendly offices – 15%
  14. Health coaching* – 14%
  15. Dedicated volunteer hours* – 12%

Many of the above benefits that employees appear to value, particularly those with an asterisk (*) beside them, fit nicely with the mission as outlined by HSI:

Improving the physical, social and emotional well-being of Iowans.

As the labor market continues to tighten in Iowa and around the country, employers are constantly looking for meaningful ways to attract (and retain) qualified employees. Accordingly, I’m planning to include some of these miscellaneous (but highly-valued benefits) in the 2019 Iowa Employer Benefits Study©.  Specifically, we wish to poll employers on whether they offer various paid and unpaid leave benefits, work/life benefits, wellness and other general perks. Largely dependent on the robustness of any given employment marketplace, the availability of employee benefits tend to be more localized.

Additionally, HSI’s mission and goals fit nicely with the workplace culture that Iowa employers must continue to assess. If employers are expecting to attract and retain healthy and productive employees, there is no time like the present to begin aligning the interests and desires of their employees with the overall benefits package they provide.

The culture of any organization is very often reflective of the benefits and compensation provided to its employees. Appropriately aligning this desired culture with workplace benefits will continue to distinguish forward-thinking employers.

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Hey Iowa, Nice Job Being a ‘Least-Stressed’ State!

More and more often, other states are catching on to the great things we have going on in the Hawkeye State1! Our state and communities continue to receive many national accolades from various publications, many of which are quite flattering, such as:

A recent national benchmark ranking, coming from WalletHub, suggests that Iowa is the fourth LEAST-stressed state when compared to all other states (including the District of Columbia). Iowa’s placement follows only (in order), Minnesota, North Dakota and Utah. For comparison purposes, Iowa was the third least-stressed state in 2017 (Minnesota and North Dakota were No. #1 and No. #2, respectively). There appears to be something magical about the upper Midwest.

To determine the rankings, WalletHub compared the 50 states (and D.C.) across four dimensions (and 38 relevant metrics). The four dimensions were:

  1. Work-related stress (7 metrics)
  2. Money-related stress (10 metrics)
  3. Family-related stress (6 metrics)
  4. Health- & safety-related stress (15 metrics)

As we know, stress is related to both external and internal factors that affect each of us. Sometimes we are unaware of how stress can impact our health. External factors may include our job, relationships with others, our home, other physical environmental situations, challenges, difficulties, and expectations we are confronted with on a daily basis. How we respond to, and deal with, the external stress-inducing factors affects our nutritional status, emotional well-being, overall health and fitness levels, and the amount of sleep we get. Each of us deal with stress differently, but if we are not careful, it can wreak havoc on our personal (and professional) lives.

For each of the four dimensions mentioned above, the state of Iowa ranked as having the 16th least work-related stress, sixth least money-related stress, fifth least family-related stress, and third least health- & safety-related stress. Metrics that relate to the work-related dimension, the lowest scoring of the four dimensions, include:

  • Average hours worked per week
  • Average commute time
  • Average leisure time spent per day
  • Job security
  • Unemployment rate
  • Underemployment rate
  • Income growth rate

The economy can have a big influence on this particular dimension. Iowa has a very low unemployment rate (2.9% in 2017), a factor that causes employers to struggle with finding qualified workers in jobs difficult to fill. According to the Iowa Workforce Development, the weekly wage increase in 2016 was below two percent (2017 data will be available very soon), showing that wages are depressed.

Iowa Healthiest State Initiative

To help Iowa avoid resting on its’ laurels, a wonderful ‘movement’ occurring in Iowa is the Iowa Healthiest State Initiative (HSI). Executive Director Jami Haberl, and her team are working to make a meaningful difference in how Iowa communities and employers can improve the daily lives of how we live, work and play. One HSI approach attempts to address the stresses we face in our environments, and will annually monitor this stress through our resiliency. Resiliency is an often-used term that describes the ability to overcome challenges of all kinds – such as trauma, tragedy, personal crises, everyday problems – and our ability to bounce back stronger, wiser and healthier. If you are not aware of the HSI resources, please check them out here.

Receiving national accolades are wonderful, but these don’t just happen out of sheer luck. It takes hard (and smart!) work and perseverance, coupled with the belief that implementing new initiatives and approaches to positively impact our communities and those living in it will be best for all of Iowa. 

As the saying goes, “Prepare and prevent, not repair and repent.”

Let’s keep it up, Iowa!

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1Sorry Cyclone fans, but the official state nickname for Iowa is ‘The Hawkeye State.’  Honestly, I’m trying to be as impartial as possible!

Giving to Others May Impact Your Health!

Make A Difference in Your CommunityA blog I wrote last February, ‘100+ Men – A Creative Community Effort,’ discussed a Des Moines-based program, 100+ Men on a Mission, which was founded to help make charitable contributions to cash-starved community organizations. The sense of fulfillment for all who participate is quite profound.

A recently published study substantiates how donating to charity and helping others may actually improve the physical and emotional well-being of the giver. The Journal of Economic Psychology’s report also suggests that increases in charitable tax subsidies may actually spur the behavior of giving and ultimately improve one’s perceptions of his/her own health.

To embrace this concept of giving throughout the state, perhaps representatives from the Healthiest State Initiative and the Blue Zones Project might consider recruiting 100+ Men and 100+ Women to help develop opportunities for other Iowa communities. It’s certainly something to think about…

Imagine giving back to others and feeling good (and healthy!) about making a difference. This is a win-win proposition for all Iowans!

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