New Year, Healthier Teams: Why January Is the Best Time to Review Your Employee Benefits

January is more than a symbolic fresh start; it’s a strategic moment for organisations to reflect on what’s working, what isn’t, and where wellbeing sits within their 2026 plans.  

With staff returning after the festive break, HR leaders have a unique opportunity to drive engagement, set wellbeing goals early, and create a benefits strategy that supports both people and business outcomes.

Workplace health trends continue to show rising stress, sickness absence and staff turnover across the UK. Reviewing employee benefits now can help organisations stay competitive, productive and attractive to both new and existing talent.

Why January Is the Ideal Time to Review Benefits

1.         Employees Are Focused on Wellbeing

January is when people reset routines, set personal health goals, and actively seek ways to improve their wellbeing. Reviewing your benefits at this time ensures your offering aligns with what matters most to your workforce, including:

·      Mental health support

·      Dental and optical cover

·      Quick access to GP appointments

·      Preventative health tools

Introducing or enhancing benefits now can demonstrate that your organisation is listening and responding proactively to staff needs.

2.         Recruitment Season Ramps Up

January and February are often peak hiring months, and candidates increasingly compare benefits packages before accepting roles.

In professional services, Private Medical Insurance (PMI) is a key differentiator. In the care sector, affordable Health Cash Plans help employers compete with higher-paying organisations.

A strong benefits offering may improve:

·      Job offer acceptance

·      Retention during probation

·      Employer brand reputation

3.         Preparing Ahead of April Budget Planning

For many organisations, April marks the start of a new financial year. Leaving benefits reviews until spring often leads to rushed decisions and limited options.

Reviewing benefits in January gives you:

·      Accurate budget forecasting

·      Time to gather quotations

·      Opportunity to consult staff

·      Space to present a considered proposal to leadership

This is where many HR teams benefit from specialist support. Pegasus Health helps organisations review existing benefits, identify gaps and build a wellbeing strategy that balances cost, impact and employee expectations.

What Should You Review?

·      Is your current offer actually used by staff?

·      Does it help reduce sickness or stress?

·      Is it competitive for recruitment?

·      Does it support younger staff and families?

Early clarity allows HR leaders to build a wellbeing strategy that is both meaningful and financially sustainable. 

Reviewing your benefits in January isn’t just practical, it’s powerful. It sets the tone for the year ahead; strengthens your employer brand and ensures your wellbeing strategy supports both your people and your business goals.

Start your 2026 benefits review today. Pegasus Health can help you create a wellbeing package that suits your team and your budget.

“Benefits cover levels and eligibility vary by provider and policy, and should be reviewed to ensure suitability for your workforce.”