Even as companies have pared back core benefits in recent years, the number of different benefits they offer has exploded, according to a new analysis.
The study by the Society for Human Resource Management found that the total number of benefits offered by employers it surveyed has increased from 60 in 1996 to 344 in 2016.
Much of the explosion in benefit offerings comes from a much greater variety of health plans. Many employers are offering workers multiple plans to pick from, often in addition to the classic HMO or preferred provider organization options. High-deductible plans and consumer-driven health plans have become more common, as have health savings accounts and health reimbursement accounts.
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