Over the past year, employers have been focused on stabilizing remote workforces and keeping employees safe during a global pandemic. As we look ahead to the new year, benefits plans will not only continue to serve as an effective way to attract and retain talent, they’ll be the source of essential support services for workers trying to be productive during transitional times.
Employee benefits that simply cut the costs of medical, dental and vision plans are no longer enough. As we turn a corner on COVID-19 and prepare for a possible recession, it’s imperative for employers to support their workforces while remaining competitive in an incredibly tight job market.
Five generations are currently in the workplace: Gen Z, millennials, Gen X, baby boomers, and the silent generation. Employees are looking for more support when it comes to their mental health and wellbeing, as well as specialized benefits for health issues or demographics that may have been overlooked in the past. Each generation has different expectations, and more employers are exploring different offerings in response. Companies can stay ahead of the curve by offering tailor-made benefits plans.
One survey shows 65 per cent of employers plan to make some enhancements in 2023, and half plan to introduce other policies that promote work-life balance.
Enhancing employee benefits doesn’t have to involve reinventing the wheel.
Here are 3 ways your company can provide added value:
We recognize that leaders want to do whatever they can to support their workers. There is no one-size-fits-all benefits package, and we’re here to help. Please contact us so we can work together and create solutions that work best for you and your organization.