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India Inc adds health goals to appraisals

Livemint · 1y ago

Medial

Indian companies are expanding health insurance coverage for employees to include benefits for household help, parents, and parents-in-law. They are also encouraging employees to set health goals that will impact their variable pay and bonuses. These measures aim to curb employee attrition and improve performance. For example, Motilal Oswal Financial Services is offering health and life insurance coverage for employees' household help and vacations taken by their parents or parents-in-law. Aditya Birla Health Insurance is integrating health goals into performance metrics. Other companies, such as Flipkart and Panasonic Life Solutions India, have introduced similar initiatives to prioritize employee well-being.