When costs rise, there's a real risk that employers will cut back on workplace wellbeing initiatives and even drop pay rises. Businesses must avoid viewing wellbeing programs as discretionary.
Cutting back on them could lead to higher absenteeism, burnout and reduced morale, ultimately impacting companies financially.
Our recent research indicates that 40% of employees prioritise access to private healthcare over other benefits, underscoring the importance of affordable health insurance.
We urge the government to consider more innovative approaches. By eliminating IPT for health insurance, the government could have promoted greater access to private healthcare.
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