For plan sponsors that like to tinker with benefits packages, the pandemic provided a novel opportunity to review the goodies received by plan members. And tinker they did.
According to a survey of U.S. employers by the nonprofit Integrated Benefits Institute (IBI), 40% of respondents say they had revised the benefits package during the pandemic. About two-thirds say they considered employee preferences when the changes were made, and 80% say they solicited employee feedback after the new benefits were unveiled.
The most common benefit to be added to the buffet: the option to work remotely. Most frequently removed? Subsidized child care. Both make perfect sense in the context of how work got done during the pandemic.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
