By offering voluntary benefits, employers satisfy more of their workforce’s unique needs. The voluntary nature of the benefits allows employees to decide on an individual basis whether additional coverage would be beneficial or not. In 2023, there are several trends on the rise: Holistic Benefits. The pandemic caused coverage gaps …
After the costly holiday season, the new year is a great time to reset and embrace January as financial wellness month. A recent survey found that as of October 2022, around 60% of American consumers are living paycheck to paycheck. Another survey found that 84% of employees wish their employers were more involved …
Around 77% of American households have debt, and the average individual has around $58,600 in debt. In the workplace, 9 out of 10 employees are worried about finances, with 75% stating financial concerns negatively affect their productivity. Fortunately, employers can alleviate some of this strain by boosting their financial wellness …
Employees consider benefits to be a deciding factor when job hunting. With the effects of the pandemic, offering benefits that provide a sense of financial and emotional security is imperative for employers looking to retain and attract talent. In 2023, consider the following benefits and perks that will meet employees’ …
Offering extra perks helps to satisfy unique employee needs. More organizations are recognizing how beneficial voluntary benefits are to employees and their families while many of these benefits come at little to no cost for the employer. Holistic Benefits Offerings A recent Willis Towers Watson survey saw a 58% increase …
When the COVID-19 pandemic hit, mental health and financial wellness took a massive blow for people around the world. Layoffs and furloughs skyrocketed. With the lack of work came a lack of income. Household debt in the United States rose $286 billion in the middle of 2021. Many felt the …
