CATEGORY

Corporate Health and Wellness Management

Employee assistance and employee wellness programs are benefits provided by employers to their employees to identify and guide employees to resolve their mental, emotional, and physical health. Employers integrate EAP and employee wellness programs to improve employees’ overall health, well being, and increase productivity.

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Category Alerts


CATEGORY ALERTS

New financial wellness solutions offered by TIAA, Savi partnership

June 29, 2022
alert level: Low
CATEGORY ALERTS

Employers offering abortion benefits should consider compliance issues

June 30, 2022
alert level: Medium
CATEGORY ALERTS

Employer-sponsored health plans transparency rules effective from July 1st

July 04, 2022
alert level: Low

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Corporate Health and Wellness Management Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Corporate Health and Wellness Management category is 6.40%

Payment Terms

(in days)

The industry average payment terms in Corporate Health and Wellness Management category for the current quarter is 55.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Corporate Health and Wellness Management Suppliers


    6,472
    Total Suppliers
    315
    Diverse Suppliers
    57
    Normalized Supplier Rating
    Corporate Health and Wellness Management  Supplier

    Find the right-fit corporate health and wellness management supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Adecco Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    51

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    45
    Governance
    58
    6 Domains Performance (/100)
    Business behaviour
    50
    Human rights
    55
    Community Environment
    50
    Corporate governance
    62
    Human resources
    36
    Security Scorecard
    85

    Threat indicators
    C
    76
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    90
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    62
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    96
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    adecco.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    10
    Regulatory Issues
    3
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    58
    Discrimination Workforce Rights Issues
    8
    esg controversies critical severity
    No

    Corporate Health and Wellness Management market report transcript


    Corporate Health and Wellness Management Global Industry Outlook

    The global workplace wellness market is estimated to grow to above $60 billion by 2026, especially after the COVID-19 impact. Virtual employee assistance programs, health apps are witnessing a high growth as an effect of COVID-19

    The global corporate wellness market is expected to grow at a CAGR of 9 percent during 2019–2026

    The US has the highest market maturity, followed by Europe

    APAC and parts of Western Europe are expected to be the future growth-driving markets for corporate wellness services

    Health and Wellness Management Global Market Maturity  

    Corporate wellness penetration is still very low outside North America and Europe

    • 53 percent of the employees in North America and 24 percent in Europe have access to workplace wellness programs
    • APAC and Latin America are witnessing an increase in adoption due to efforts by large global buyers to consolidate supply base

    Health and Wellness Management Global Industry Trends 

    Increasing levels of employee wellness across the globe signal the increasing buyer maturity and willingness to partner with suppliers

    • Suppliers are also improving their supply capability by providing health screenings, lifestyle management and disease management programs
    • Fortune 500 companies are also focusing on employee assistance programs to increase the employee productivity and reduce absenteeism
    • Multinational firms in the Middle East, Africa and APAC are now focusing on improving working conditions and offering annual health, eye and dental checks

    Health and Wellness Management Technology Trends

    • Buyers spend about 5–10 percent of their total benefits expenditure on technology to yield higher employee engagement and higher enrolment, thus leading to increased cost savings
    • There is an increase in the adoption of web-based decision-making analytics tools for estimating the health savings account
    • For example, Merck and Johnson & Johnson have enrolled their health insurance plans with Aetna Inc. and Cigna Healthcare, respectively, and the usage of these tools led to higher employee enrolment and active engagement with their healthcare plans
    • HSBC and Kraft Foods' use of on-line gamification tools and social networking modules resulted in a cost savings of about 5–10 percent over the traditional engagement methods
    • Employee engagement software vendor Limeade has released new software modules to help large enterprises diversify their workforces and better track engagement and communicate with workers