Skip to content

Welcome to a new era…

Written by Stephan Scholl

I believe that a company has no greater asset, responsibility, or opportunity than to take care of and empower its employees. The lingering impact of the pandemic has left employees worldwide struggling with their physical, mental and financial wellbeing. At the same time, the so-called great resignation is creating the threat of a global talent shortage. Companies and their people are feeling the full weight of these challenges:

$8.4T

Worldwide, companies are at risk of losing $8.4T in revenue because of the lack of skilled talent

1/2

Half of U.S. employees regret a healthcare decision

60%

60% can’t retire when they want

64%

64% of employees are looking to leave

These macro events are fueling an enormous challenge for companies. They are spending more on benefits programs but getting less out of their investment and are failing to engage their people. After salaries, benefits are typically the second-biggest cost for a company, and they increase between 6% and 20% every year. And yet, companies keep adding more programs for workers, further adding to the cost, complexity and confusion of benefits programs. To give some perspective, we had one client who had more than two dozen health and wellbeing programs for its workers, but they were under-utilized, under-appreciated and confusing.

CEOs must take a different approach if they expect to differentiate themselves as employers, to attract and retain top talent, and to get the most out of their investment in their people.

We have entered a new era.

For the last 20-years, companies have been evaluated by the value they bring to their shareholders and customers. At Alight, we believe over the next decade, success will be measured by how companies treat their people.

So what does that mean for companies?

It means… treating employees like clients and customers.

It means…putting employees at the center.

It means…helping employees make the most of their benefits and pay.

It means… supporting workers in two of the most critical areas of their lives: their health and financial wellbeing.

Partnering with our clients, Alight is here to lead the way. When we help our clients take care of their people, we help them make an impact on their bottom lines and on the relationship their employees have with their benefits experience.

This fuels a virtuous cycle for employers and employees. Companies contribute in meaningful ways to the wellbeing of their employees, and in turn, employees are actively engaged and can help take their organizations to the next level…creating the opportunity for companies to invest even more in their people. Welcome to work that works for everyone.

Welcome to the employee economy.

Related Insights


2021 Employee Wellbeing Mindset Study

Alight’s annual Employee Wellbeing Mindset Study examines employee perceptions of their wellbeing and the relationship between wellbeing and the employee experience.

How do companies successfully place employees at the center and meet their business imperatives?

Employee-centric platforms can connect the dots between people, work and life to navigate choices, drive smarter decisions and create impactful experiences.