New Years bring new things. From new challenges to new opportunities to new insights, 2018 is sure to bring all of these things and more for business owners. 2018 will bring new things in the world of benefits, too! As employers continue to try to adapt to the workforces growing and changing needs, benefits and perks packages will reflect these adjustments.
The days when having great insurance was enough to keep employees satisfied are gone. Now, employees expect their employers to care about their well-being and give them the flexibility they need to balance all of life’s responsibilities.
Here’s a look at 6 benefits trends to watch in 2018.
Priority on Financial Wellness
Financial wellness is a hot topic in the workplace these days. To support a diverse workplace with varying financial needs, companies will need to provide access to programs, information and opportunities that will help employees keep their wallets well.
With younger employees working to pay off student debt and mid-career employees considering going back to school, student tuition assistance will be an increasingly desirable benefit. On the flip side, as baby boomers inch towards retirement, they’ll appreciate retirement planning resources and financial planning services.
More Personalization
More and more, the benefits package that makes employees smile the widest is the one they’ve tailored to their personal needs. Essentially, employees want to be able to pick and choose from an array of great benefits and perks, customizing their plans to their unique lifestyle.
Emphasis on Mental Wellness
With stress and mental health awareness on the rise, companies must make sure they’re prioritizing their workforces mental health. By offering counseling services, stress-reducing activities such as yoga and meditation, and encouraging work-life balance, companies can empower employees to cultivate a healthy mind.
Stretching Flexible Work Arrangements
Flexible work arrangements give employees options for working that go beyond being at the office from 9 to 5. Allowing people to work from home, alter their work hours to avoid peak traffic times, compress their work weeks to allow for more days off, and break up their 8 hour work day however they please are all arrangements that will grow into more workplaces in 2018.
Innovative Diversity Programs
Diversity programs are going beyond having company sponsored, minority-focused support groups. In 2018, you can expect to see companies designing innovative, inclusive diversity programs that will welcome America’s increasingly blended workforce with open arms.
More Access to Health Savings Accounts
Health savings accounts are gaining momentum! These accounts are owned by individual employees and allow savings to carry over from year to year. Contributions to these accounts are generally tax deductible. Additionally, the accounts can grow tax-free and employees can withdraw money from them with no hassle as well.
There’s so much to look forward to in the world of benefits in 2018. If you want to get ahead of the curve and incorporate some of these benefits trends to watch in 2018 into your benefits plan, we can help.
Beni.fit can help you design a complete, comprehensive benefits package for your employees that’s sure to make 2018 your best benefits year yet. Our customized packages will make them feel valued and secure. Contact us today for more information!
When Humans Thrive, Companies Prosper.