Benefits for All

In a time when the workplace is drastically changing, it is very hard for employers to attract and retain desired talent for their business. The best way to do this is by ensuring your benefits and offerings meet the demands and needs of your employees. However, as the workplace is changing, and costs are rising so are employee needs. Therefore, now is a great time to reflect on your benefits package and offerings and evaluate if changes need to be made that benefit both you and your employees. Below we have put together a list of three key employee benefits that you will likely see in 2023 and should think about adopting for your own benefits plan.

1. Talk about health care costs
   One of the biggest issues to date is finding health care coverage that fully covers employees but is also affordable to the employer. The only way to do this is to plan ahead and make sure you’re getting the right information. This can be done by modifying plan designs, measuring health care analytics, improving employee health care literacy, or investing in telemedicine. Also, make sure your employees know how much you are spending on their healthcare so they can appreciate what you do for them.
   
   
2. Make Employee mental and physical well-being a priority
   With the rise of post-pandemic stress and corporate burnout, employees need more support than ever. Employee perks and wellness programs to combat these issues are more than appreciated by employees. Some options include: offering online resources and classes or workplace flexibility like flexible start and stop times, four-day work week, and unlimited PTO.
   
   
3. Expanding Voluntary Benefits
   Due to inflation, workers are likely to experience more financial strain now more than ever. Expanding voluntary benefits is an effective way to offer benefits that help workers stretch their dollar without raising any more costs. Some non-traditional options that are becoming popular include: accident insurance, critical illness insurance, life insurance, pet insurance, or student loan repayment assistance.
   
   

The best way to attract and retain your employees is by improving their work-life balance at little to no extra cost. To learn more about how to review and improve your employee benefits and offerings, reach out to Diversified Insurance Industries, Inc. -  dii-ins.com, for more information on today’s benefits trends.

DII is your partner in corporate planning to maximize your dollar and keep your employees happy. Our team of experts can work with you to understand the best plan of action for your workplace to maintain providing the top affordable benefits in 2023. Please contact your DII representative for more information. #Benefits #2023trends