Pet welfare benefits Trends in new employee welfare benefits | EBA

Employee benefits are constantly changing, and the pandemic has significantly shifted priorities for both employers and employees in many ways. As companies seek to adapt to the evolving needs and expectations of new and veteran employees, pet care benefits have emerged to the forefront of this landscape.

Nearly 1 in 5 U.S. households, a whopping 23 million households, adopted a pet during the pandemic According to the ASPCA. Those furry friends are considered part of the family. 41% of pet owners are considering Their pets are “like my children.” Pet care benefits are now increasingly recognized as a strategic tool for improving employee retention and engagement.

With Wag!Surprising results from a survey of 1,001 new dog parents who returned to work after coronavirus infection Almost half of respondents They said they would rather lose their dog than a child or spouse, and three-quarters said they were worried about the pet care challenges they would face when they returned to work.

read more: Pets help employees stay seated and continue working

Pet insurance is the single biggest challenge for dog parents, with over 60% surprised by the cost and effort required to properly insure their pet. Traveling with pets is also becoming increasingly popular, with nearly a third of dog owners traveling frequently with their dogs, and a further third saying they can take their pets with them. He claims he would travel more if that were the case.

It may be surprising that so many Americans are the first to jump into raising a pet, given the financial and time commitment of owning a pet. 93% of new pet parents claim their dog has helped them with their mental health In some way. As many as 48% of people even said they felt less anxious.

The rise in pet parenting, the need for pet care solutions, and society's growing love for pets are driving forward-thinking companies to offer novel yet increasingly in-demand pet care benefits to new hires and employees. This is a great opportunity to offer this. The growth and convenience of the gig economy also makes it easier than ever for employers to promote pet care, such as dog walking and pet sitting, as a benefit, creating additional investment in employees with pet parents. It's worth considering the opportunity.

A pet-friendly workplace not only reduces stress; Improve engagement, retention, relationships, and even attendance at work.moreover Pet insurance costs only $30 to $50 Give your employees peace of mind knowing that each pet is covered for sudden illness or injury, or the full cost of your furry family member.

read more: At Manulife, pet parents save time and money with virtual vet visits with Airvet

As the workforce landscape continues to evolve amid societal changes and shifting priorities, adding pet care benefits stands out as a strategic move for employers looking to enhance employee retention and engagement. Masu. The surge in pet ownership during the pandemic highlights the importance of recognizing a pet as an integral part of the family for one in five or more families adopting a pet.

By offering pet care solutions such as insurance coverage and a pet-friendly workplace, organizations can demonstrate a commitment to supporting the overall health of their employees and attract a wider range of talent. Adopting pet-friendly policies not only fosters a positive work environment, but also fosters stronger bonds between employers and employees with pet parents, ultimately leading to more fulfilling and productive employees. contribute to a strong workforce.