Introducing Pacific Prime’s Global Employee Benefits Trends Report 2022
Drum roll, please! Pacific Prime Latin America is very pleased to announce that our Global Employee Benefits Trends Report 2022 is now ready. We started doing an annual deep dive on the changing world of work and of the corresponding benefits landscape during the year the COVID-19 pandemic hit. And as we’re slowly emerging into a post-pandemic world, we’re keeping up with the rapidly evolving trends and impact on business leaders, HR professionals, and employees.
The report is jam-packed with case studies and insightful data pertaining to five major employee benefits trends this year, as well as practical tips on implementing the benefits in question. Whether you intend to read the report in its entirety or skip to the section that’s most interesting to you (there’s an easy-to-navigate contents table to help you do so), it’s worth downloading your copy of the FREE report.
But before you do so, this Pacific Prime Latin America article will give you a quick summary of what’s to come in the report.
1. Back to the office? The answer might lie in perks and incentives
The initial shift to remote working due to the pandemic was challenging, but it proved that remote working was indeed possible and may even be advantageous at times. It’s no wonder that many employees are hesitant to return to the office as the pandemic subsides, and employers will need to up their game when it comes to luring employees back. Some examples of these perks and incentives include four-day work weeks, subsidized commutes, free lunches, and more.
Are you an employer keen to have your employees back in person? There’s nothing wrong with that, as the office space still has value, and so does working collaboratively face-to-face. That being said, it’s important to understand why you want employees in the office and clearly communicate these (good) reasons to employees. Other tips to facilitate a smooth return back to the office can be found in the report!
2. Employee monitoring tools have become sophisticated and need to be carefully used in the workplace
Technology is advancing at breakneck speed and causing disruption across the board. Human resource is no exception, and we’re already seeing the introduction of AI and algorithms that are heavily involved in predicting, anticipating, and deciding what’s happening for employees. This includes workspace surveillance or, in other words, “any form of employee monitoring that an employer undertakes in the workplace”.
There are always two sides to every coin. So whether you’re an employer considering implementing a workplace surveillance program or an employee being surveilled, it’s important to understand the other party’s perspective. In the report, you’ll get greater insight into:
- What workplace surveillance is
- Why employers are keen to implement it
- How employees feel about it
3. A multitude of factors has made companies rethink their approach to holistic wellness
Given the impact of the COVID-19 pandemic, rising inflation, and the ‘cost of living crisis’, as well as the usual stressors of life, employees are feeling increasingly burnt out, and mentally exhausted. Coupled with the well-documented mind-body connection, it’s no wonder that employers are rethinking how they approach health and well-being in the workplace. Gone are the days of simply focusing on physical health.
While we’ve certainly come a long way in our understanding of holistic wellness, and employers nowadays have a range of wellbeing-related benefits to address the issue, did you know that there’s still plenty of room for improvement? Find out what these are and how to stay ahead of the curve by discovering some tried-and-tested tips on supporting your workforce’s well-being in our report.
4. Gen Z is different from the generation before, and employers must take notice
Every generation is unique in their experiences, their values, and their desires. Gen Z – the newest generation entering the workforce, is strongly concerned about the environment, climate change, sustainable development, and other issues related to society and justice. Employers must strive to understand the mindset of this generation, what makes them tick, and adapt their approach to remain competitive in the context of a fierce ‘War for Talent’.
Wondering how to do so? Green benefits are the answer. It doesn’t have to be overly complicated. Simply introducing employee benefits that aim to make a positive impact on the environment and society will suffice. Think: paid volunteering days, carpooling, work-from-home initiatives, and more.
5. Fairness and equality continue to evolve in the era of remote working
Fairness and equality is an important consideration for employers. Unfortunately, most are failing in this regard. A staggering 80% of employees view their work environment as ‘unfair’. As this is a topic that is nuanced and has multiple layers, our report unpacks each and every one of them in a concise yet thorough manner. Topics such as the below are addressed:
- What fairness and equality in the workplace is (and why it is important)?
- New questions of fairness emerge in the remote work era
- How the gender wage gap remains a barrier for female employees
- Moving towards an intersectional approach to Diversity, Equity, and Inclusion (DEI) initiatives
Delve further into all things employee benefits with Pacific Prime Latin America today!
If you want to learn more about any of the aforementioned global employee benefits trends and get your hands on practical tips, you can download our FREE Global Employee Benefits Trends Report 2022. You can also head to our Prime Guides page to access a wealth of insurance and employee benefits resources or reach out to our team at Pacific Prime Latin America for a no-obligation benefits consultation today!
With over 5 years of experience in the field, Suphanida spends the majority of her day synthesizing complex pieces of insurance-related information and translating this into easy-to-understand, engaging, and effective content across a variety of media such as articles, infographics, whitepapers, videos, and more.
Suphanida is also responsible for planning and publishing three whitepapers released annually by Pacific Prime: The State of Health Insurance Report, The Cost of Health Insurance Report, and The Global Employee Benefits Trends Report. Additionally, she handles the LinkedIn profiles of Pacific Prime’s Founder and CEO, as well as Global HR Lead.
Suphanida’s strengths lie in her strong research and analytical skills, which she has gained from her BA in Politics from the University of Warwick and Erasmus Mundus Joint MA in Journalism from Aarhus University and City, University of London.
Being of Thai-Indian origin and having lived, studied, and worked in Thailand, the UK, and Denmark, Suphanida also has a unique, multicultural perspective that helps her understand the struggles of expats and globetrotters.
Outside of work, she enjoys traveling to new places and immersing herself in different cultures.
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