Giving employees the opportunity to select the benefits important to them can help employees feel supported. HR platforms can make this incredibly simple to administer for employees and employers. Flexible plans aligned to life-stage needs can reinforce overall organizational culture, given their unique power to improve satisfaction, loyalty, and trust.
While wellbeing means different things to different people, our research defines it as the ability to live one’s best life at work and at home, incorporating financial, physical, mental, and career opportunities.
Specifically, how the right benefits approach and employee experience enable:
- Workers to access the flexible support they’re looking for and feel more recognized, protected, and valued by their employers
- Employers to find and keep the talent they need to run and grow their businesses, achieve their DE&I goals, and realize more substantial returns on their investments in benefits and talent management
- Stronger employer-employee relationships based on higher degrees of trust
For employers to do this, the key is to align benefits to the individual needs of each employee. Make it clear to them that they are valued, that they are seen, known, and supported.
It must be authentic. Life evolves and personal circumstances change. By customizing the benefits delivery experience, employers can make sure employees understand the benefits available to them and how to access them.
For the best talent outcomes, the future of benefits and employee engagement has to be a partnership in which all can thrive.