Non-Traditional Voluntary Benefits To Consider Offering

Draw New Talent And Retain Your Best With These Benefits

As the Patient Protection And Affordable Care Act has changed the way employers offer traditional voluntary benefits such as health care to their employees, employers who are looking to create more competitive benefits packages should consider offering less traditional voluntary benefits. Here are a few non-traditional voluntary trends we should see this year.

1. Increased Customization:Since the workforce has become increasingly diverse age-wise, employees will value being able to tailor their benefits to their particular season of life.
2. Unique Offerings:As voluntary benefits become more customized, they also become more unique. Facebook and Apple Inc. are now offering coverage for women who want to freeze their eggs, and other companies are offering pet insurance and cyber security insurance. Thinking outside of the box will make your benefit plan more competitive.
3. Priority On Finance:As workplaces are finding that employees who are concerned about money are having a difficult time focusing on work, they are increasingly offering benefits to boost their employees’ financial wellness, including ongoing education to help them on the way to financial health.