A comprehensive survey conducted by Cigna Healthcare, a leading global health services company, has found that rising inflation and the escalating cost of living are major concerns for employees worldwide.
The survey, which involved nearly 9,000 individuals from 10 countries, including the United Arab Emirates and Saudi Arabia, found that 25% of respondents in the Middle East identified the inflation crisis as their primary concern.
Rising bills and sluggish economies are leading to heightened uncertainty, causing stress levels to mount and mental and physical health to decline. Regionally, 72% of respondents felt that these rising costs were making it challenging to maintain good health, and 54% expressed uncertainty in their ability to meet their own or their family’s medical needs.
Workplace Well-Being Requires More Attention
Dawn Soo, Cigna Healthcare’s Regional Medical Officer for the Middle East and Asia, stressed the need for employers to provide holistic healthcare benefits, initiatives, and a supportive culture where employees can openly discuss challenges.
“The survey further highlighted the critical connection between employee mental and physical health and productivity, underscoring the necessity of prioritizing employees’ health security as a core ESG imperative,” said Soo.
Cigna Healthcare Introduces 5% Pledge
Recognizing that poor employee mental health isn’t just detrimental to individuals but also impacts organizations’ financial health, Cigna Healthcare introduced the 5% Pledge, urging business leaders to invest 5% of their work time to enhance employee mental health and well-being.
“The survey underscores the delicate balance individuals face in accessing essential healthcare,” said Jerome Droesch, CEO of Domestic Health and Health Services, International Health, Cigna Healthcare. “These figures underscore the critical need to address the affordability of medical services for our workforce.”
“Recognizing the pivotal role of employee well-being in driving organizational success, Cigna Healthcare introduced the 5% Pledge,” added Droesch. “The Pledge is a commitment to empowering employees with the tools they need to navigate today’s challenges. By prioritizing mental well-being and creating a supportive workplace culture, we are fostering not only healthier employees but also a more resilient business.”
The Path Forward
As uncertainties continue to reshape the business landscape, the Cigna Healthcare 360 Global Well-being Survey highlights the urgency for companies to prioritize employee well-being. By dedicating resources to the health and mental well-being of their workforce, businesses can ensure their resilience and success in an ever-changing world.