Emphasis on employee well-being associated with higher retention in healthcare

Workers are more likely to stay with healthcare organizations that focus on employee well-being, according to a Mercer analysis.

For the analysis, Mercer examined data from its National Survey of Employer-Sponsored Health Plans — which was conducted in 2017 and represented 600,000 employers — to determine how well-being practices offered by employers affect worker turnover. Researchers specifically looked at nine well-being practices, such as "offering programs supporting behavioral health," "making spouses eligible for well-being programs," and supporting "a healthy workplace culture in the company vision or mission statement."

The analysis found employers with 500 or more employees using as many as two well-being best practices experienced an average turnover rate of 29 percent in 2016. That compares to 22 percent for employers using three to four well-being best practices and 18 percent for employers using five or more well-being best practices.

Mercer then assessed turnover rates by specific industry groups. Large employers in healthcare using the fewest well-being best practices saw an average turnover rate of 29 percent in 2016, compared to 17 percent for healthcare employers implementing the most well-being best practices.

Read more about the analysis here.

 

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