16 February 2016

2016 Employee Benefits: What Can You Expect to See

We all know that benefit changes are driven by regulation, the economy and employee needs. And this is a never-ending circle, right? Given that, what benefit trends can you expect to see in 2016? Here’s a closer look at what we’re seeing.

Financial wellness. It’s estimated that financially stressed employees spend 20 hours per month worrying about personal financial issues, and the reality is that most employees live paycheck to paycheck. This has a negative impact on the bottom line, and companies have taken notice. To combat this, more companies are incorporating employee financial wellness programs, focusing on anything from creating a budget to saving for retirement.

Work-life balance. We all know that balancing work and life can be a juggling act. We also know how important it is for employees to find a way to achieve this balance. When employees are distracted at work, they’re less productive and creative. Employers recognize the importance of this, and are introducing such benefits as flexible work schedules, paid leave and engagement initiatives to help employees find the balance they need to thrive at work and at home.

Wellness programs. Wellness programs are starting to move beyond physical well-being to include more holistic approaches to health, happiness and engagement. Companies are incorporating mindfulness training, meditation and yoga as ways to help employees achieve better focus and increase productivity.

What benefit trends are you incorporating this year? Drop us a line; we’d love to hear from you.