Mercer
Benefits Governance for Employers in the UK Health Gap
Pages
12
Time to read
24 mins
Publication
Language
English
Pages
12
Time to read
24 mins
Publication
Language
English
This report serves as a technical document addressing the governance of employer-funded health benefits in the context of the UK's evolving health landscape. It outlines the pressing need for employers to adopt a data-driven approach to health benefits governance, especially in light of rising medical costs and an ageing workforce. The report details how poor health is costing UK businesses approximately £150 billion annually due to lost productivity and absenteeism, highlighting the importance of proactive health measures. It emphasizes the necessity for employers to rethink their health benefits strategies, integrating preventative care and aligning them with broader business objectives. The document also discusses the implications of the UK health gap, which affects workforce sustainability and productivity, and suggests that effective governance can help mitigate these challenges. By focusing on employee-centric health solutions, the report argues that employers can enhance workforce resilience and improve overall health outcomes.