Commentary: If there’s one word to sum up what will happen with voluntary benefits in 2016, it’s customization. Voluntary benefits have transitioned in recent years from being “something extra” to becoming a mainstay in the employee benefits package. And in 2016, I predict that we are going to see widespread customization of voluntary benefits.
Of course, predicting the future of employee benefits is less about having supernatural powers than it is just paying attention. It isn’t a scientific process and it doesn’t need to be based on known linear data. It’s about knowing the audience, studying existing patterns and factoring in some unknowns that come together to depict the future vision. Forecasting voluntary benefits trends relies heavily on considering the varying wants and needs of employees, along with goals of the employer.
