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Even against the backdrop of a stronger economy, modern families are still feeling the pinch of financial security, pointing toward the need to tailor products to the needs of specific family structures that are considerably different than the traditional nuclear family.
As a result, the increased diversity will require more comprehensive offerings on the part of benefits managers hoping to provide the best to an increasingly diverse workplace.
Nick Otto is a former senior editor of Employee Benefit News and Employee Benefit Adviser.
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Transamerica Institute finds more middle-class workers expect to fund retirement through 401(k)s and other savings, but financial pressures could derail those plans.
Women take on the majority of caregiving responsibilities for aging parents, often putting their financial futures at risk.
Providing working parents with time and resources to care for their children during times of illness offers returns in the forms of productivity and retention.
Benefits that effectively support employee caregivers have a dramatic impact on their ability to remain healthy and productive at work.
At Sun Life, offerings like paid family medical leave, sabbaticals and flexible work arrangements set top talent up to thrive.
