Modern best practices in terms of benefits offerings are shifting from the traditional, overly broad, universal approach to become increasingly personalized. "(Image: Shutterstock)

The year 2020 marks a new year, the turn of a decade and a smart time for employers to step back and reevaluate their business practices. As employers consider strategic moves for 2020, it is critical they reflect on not only their own business but review how the workplace landscape itself has changed and adapt their own practices accordingly. As the workforce ebbs and flows, business leaders must prioritize agility to ensure they remain competitive in the eyes of prospective candidates amidst the ever-tightening labor market.

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Moreover, it is obvious the workplace is an extremely volatile space, defined now, more than ever, by the entrance of new generations into the workforce, the introduction of technology and new capabilities, and the desire for customization in an increasingly opportunistic society. Employee benefits are a mirror image to this evolution. One-size-fits-all benefits packages are no longer attractive, and organizations must understand that not all employees will fit the traditional mold. Employees are looking for a set of benefits options as diverse as the lifestyles they maintain.