We've all felt the seismic shifts in the business world post-pandemic, but perhaps none more so than in our attitudes toward employee health and wellbeing. But this isn’t just about filling up the 'perks' section on your company's careers page, or even offering your baseline health insurance.It’s about taking it a step further to build a real, tangible safety net and taking measures that both prevent and protect your team – and, by extension, secure your business.In a job market that’s more cutthroat than a season finale of a reality TV show, thanks to the phenomenon known as the ‘Great Resignation,’ offering extras on top of the basic health insurance offering, is a critical piece of the pie. Sure, free coffee and a ping-pong table in the break room are nice, but let's be honest – they’re not going to really help increase wellbeing and motivation in any significant way. It’s time to take a more tailored and tangible approach to building long-term wellbeing that takes your benefits offering to the next level. Aside from avoiding the nightmare of your all-star employees abandoning ship, there’s a whole treasure chest of benefits to be had. There’s a real, demonstrable ROI in having a happier, healthier workforce that sticks around, dives into their work, and even becomes your biggest brand advocate.Ready to be convinced? Here are 8 game-changing statistics that will make you want to contact our team to offer those extra benefits before you even finish reading.80% of employees consider extra benefits more important than a pay raise.In a competitive job market, distinguishing yourself as an attractive employer is crucial. Employees are considering extra benefits outside of health insurance coverage, like flexible working hours, which 88% say they give some or heavy consideration to when looking for a new job.2. 79% of Gen Z and Millennials claim more recognition rewards increase their company loyalty.In order to boost retention and inspire top performance, employee satisfaction and sentiment are vital. If you offer rewards, it’s been shown especially among younger generations to drive significant motivation and results. Not only this, but it shows them you value and recognize their contribution. 3. Failing to focus and invest in wellbeing equates to a loss of $322 billion in turnover and lost productivity per year globally due to burnout.Burnout is a massive threat to businesses today. With employees suffering from “constantly being on” and the blurred boundaries of work and home life while remote work becomes the norm – employees are ultimately starting to burn out. Prolonged and increased stress can contribute to health conditions that might mean they take more time off, work while sick and aren’t as productive, or have to take extended leave. All of these are extra costs and hits to the business and your people that can be avoided with more careful attention to offering extra wellbeing perks and support. 4. Offering wellness benefits and normalizing sick days can help reduce stress and pressure – because working while sick reduces productivity by 20%.Absenteeism can severely impact productivity. By providing an environment where wellbeing is supported and recognized in the workplace, people are more likely to take time off as needed – leading to fewer sick days, improved productivity, and a consistent work output.5. Employees want a broader range of voluntary benefits and nearly half cite poor benefits as the reason why they left their last job.Responding to employee needs is fundamental to being an employer of choice. With many employees seeking diverse voluntary benefits, offering a comprehensive menu of voluntary insurance coverages presents you with an opportunity to meet these needs, enhancing your value proposition to current and potential employees.6. 83% of US employees say they suffer from workplace stress, and 1 in 4 employees views their job as the number one stressor in their lives. Workplace stress can have severe physical and mental health impacts. Providing access to enhanced wellbeing and support programs in an easy-to-access location, like the YuLife Wellbeing Hub, helps alleviate work-related stress – offering employees peace of mind and contributing to a healthier, more balanced workforce.7. Employee health and wellness programs can reduce your organization's healthcare costs, as 75% of these expenses go towards preventable conditions.Investment in extra benefits, like a structured wellness program, can reduce claims costs and generate savings. These wellness initiatives encourage healthier lifestyle choices, prevent illness, and manage existing conditions effectively, all of which can lead to healthcare cost reductions.8. Employees say they’re more likely to stay at a company that values their wellbeing, with 69% being less likely to look for a job and 71% being less likely to experience burnout.Our latest YuGov x HR Ninja’s survey discovered that 60% of employees are more likely to stay at an organization that tracks and measures employee wellbeing, compared to one that didn't.Tracking employee wellness data and offering robust insurance benefits that support wellbeing and work-life balance shows you value and care for your employees.And ultimately, that cultivates greater loyalty. This increased dedication from employees can translate into improved retention, reducing the costs and disruption associated with high turnover rates.These compelling statistics highlight the value and importance of high-quality benefits as an integral part of any robust business strategy.As HR managers and decision-makers, your role in understanding and leveraging the symbiotic relationship between employee health and business health is more critical than ever.About YuLifeYuLife is an insurance and wellbeing provider working to reimagine the group insurance industry by protecting lives, rewarding living and inspiring life. We’re on a mission to transform traditional insurance into a life-enhancing experience every employee will value and use daily. How does it workOur award-winning app uses behavioral science and game mechanics to reward your people for living well while offering protection in case of crisis. And with our top-rated employee assistance program, your team gets access to mental, financial and social support, nutritionists, life coaches and more to help them live their best lives.Because we believe that your employees should benefit from their insurance from day one – and that wellbeing should be accessible every day, for everyone.Request a demo for your team today.