In the last 5 years, the U.S. economy has continued to grow, with very low unemployment and record-breaking stock market gains. At the same time, the trend of companies offering more voluntary benefits has exploded. This is partly due to changes in healthcare and the need to control benefits costs, but also due to the needs and expectations of employees.
However, with COVID-19 greatly impacting the U.S. starting in March 2020, employers are now dealing with uncertainty. Seemingly overnight, the economy, workplace culture and employee needs have changed, and employers will need to react to these changes, as well.
While the trajectory of voluntary benefit high-velocity growth may be altered slightly, the need for voluntary benefits to help secure employee financial health and overall stability is now more critical than ever. And employers can look for cost-effective ways to help provide solutions to their employees who need it most.
Attend this webinar to learn:
Recent trends in voluntary benefits
What types of benefits matter most to employees
How organizations can leverage benefit packages to help during challenging times