The voluntary benefits marketplace has evolved into a sophisticated, integrated solution, requiring employers to offer more personalized, comprehensive, and data-driven benefits packages that appeal to a diverse workforce and increase participation and utilization.
Much of the success that consultants find in solving challenges with multinational clients will come from actively listening to their needs, understanding the international marketplace and deploying a thoughtful solution.
The following challenges help illustrate why voluntary benefits have been pushed to the forefront, the impact they have on employers and the role of benefits advisors in this new environment.