Employee benefits are changing. How do you keep up with the changes to employee benefits? The changes being made in this area are significant and affect more than just medical insurance and Retirement savings plans. Some of the new trends include:
Empowerment: Employees want more choice in their benefits packages. They want control over their spending and how they get reimbursed for it. They also want to be able to spend their money on whatever suits them best.
Flexibility: The traditional “9-5” workday no longer works for everyone — especially Millennials — who
value flexibility and location independence over job security and stability.
Customization: As technology advances, employees expect customized options in everything from health care plans to investments and beyond. Businesses need to offer these options or risk losing good employees who find themselves frustrated by inflexible policies that don’t meet their needs or preferences.
