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While the COVID-19 pandemic has motivated many employees to take a closer look at their workplace benefits, employees are still flummoxed by what they’ve enrolled in.
Indeed, 35% of employed individuals do not fully understand any of the employee benefits they’ve selected, according to a new survey by Voya Financial. Millennials in particular have a hard time navigating their benefits, with 54% saying they don’t understand their offerings
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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Increasing leave in the U.S. and Canada aligns with the company’s focus on retention and internal promotion, said the head of people and culture for Lush North America.
Organizations are seeing more demand for mental health and substance use services. New approaches aim to make care easier to access before employees reach a crisis.
Even the smallest changes, including better meetings, could make a massive difference in a neurodivergent person's workday.
By solving for the drivers of stress and overload, as well as supporting workers’ in daily areas like nutrition, employers can encourage a reversal of this damaging trend.
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
