Did you know that 65% of employees are looking for a job change due to compensation reasons. A great benefits plan is one designed that includes elements which provide value to both the employee and the employer. It must meet the needs of workers and the financial parameters of the company. Is your benefits plan outdated? Does it need to be more enticing? The answer is probably yes!
There is a new world of work, from the remote working landscape to the evolving mental, physical and financial needs of employees. Employers have failed to adapt and change their benefits plans to match these changes.
As these changes continue to take place, employers will need to look at their benefits plan and evaluate whether it aligns with the cultural and business objectives.