Employees have high expectations when it comes to the benefits they want their employer to provide during COVID-19. Employers who fail to upgrade offerings may find themselves stuck with high turnover rates and a weak talent pipeline.
Voya Financial, a retirement, investment and insurance company, reported a 5.7% year-over-year increase in annualized in-force premiums for its employee benefits business, which was driven largely by strong demand for its voluntary benefit offerings including life and disability coverage, as well as critical illness and hospital indemnity plans.
