Voluntary Benefits

"Your employees will feel appreciated and heard by offering a program that addresses their lifestyle needs," says Jen Irwin.

Brokers, insurance carriers and employers all play a role in educating employees on these voluntary benefits , driving better utilization, along with an overall improved employee experience.

LSAs represent a business expense tax deduction that a cash bonus might not, and it increases compensation without increasing base pay.

A well-executed financial awareness training program offers all the knowledge, tools, and resources employees need to take control of their financial future and ease their stress.

While HR teams often think of flexibility in terms of remote work, employees also want professional development opportunities, flexible hours and benefits that meet their unique needs, like daycare reimbursements.

Highly satisfied employees rank their employers' ESG scores 14% higher than the average global employer, resulting in happier and harder working employees.

Around half of Gen Z and millennial workers who are offered an health savings account by their employer are using it to save for future health care costs in retirement, says a survey.

Most employers offer traditional benefits like health care, however, benefits advisors think new benefits will gain popularity within the year.