We are all familiar with the idea that a happy employee is a more productive one.
Smart employers are always taking into consideration rising trends, to ensure that their people are feeling valued and recognized – and one new component to improving employee happiness seems to be rising fast: voluntary benefits.
Voluntary benefits – also known as supplemental benefits or employee wellbeing benefits – are offerings that employees can choose to purchase in addition to their core benefits package. These will often include a range of options, such as life insurance, dental and vision coverage, disability insurance, wellness programs, legal services, and even pet insurance.
Their appeal is rooted in their flexibility – employees can pick and choose what best suits their lifestyle and their financial context, making them more uniquely tailored to an individual’s needs.
In this way, voluntary benefits are a fantastic tool for making your employees feel valued, as they offer the opportunity for personalization that standard benefits packages don’t.
Because of this, 86% of employers now consider voluntary benefits crucial to their overall wellbeing strategy. And with 63% of employees saying they would consider changing jobs for better voluntary benefits, choosing the right ones to make available is now more important then ever. So, here are some key voluntary benefits employers should be considering in order to keep their employees happy, healthy, and productive for the year to come:
In the evolving landscape of employee benefits, voluntary benefits stand out as a key differentiator—one that can set your organization apart in the quest to enhance employee happiness whilst at the same time attract, retain, and motivate top talent. If you would like to discuss the support we can offer in helping design and select your benefit packages, please get in touch with us via our website.