Using Innovative Benefits to Attract and Retain Talent

Work has changed a lot over the past couple of years. Employees are looking for flexibility in their schedules and locations. But, they’re also pursuing companies that offer unique and valuable benefits.

By offering benefits tailored to a workforce's lifestyle, your client can stand out from their competitors. But, where do you start? Here are a few things to consider when building an innovative benefits package.

Benefits for the Millennial Generation

As of 2016, Millennials became the largest generation in the workforce, making up 35% of the total market. And Gen Z will not be far behind them.

These generations are looking for different benefits than their parents. The days of simply offering health coverage and a 401k are behind us. Here are a few things your client should consider offering, according to Employee Benefits News:

• Pet Insurance

• ElderCare

• Telemedicine

• Legal and Identity Theft protection

Pet Insurance

Pet insurance is becoming more common, especially as employees defer starting families but have multiple pets. By offering pet insurance at the worksite, you can help employees understand the benefits of coverage and make it easy as a payroll deduction.

Telemedicine

Telemedicine has become more popular, particularly during the pandemic, and as your client’s workforce relies on technology, this will become a preferred (and cost-effective) method of medical care.

Dependent Care for the Aging

Some employees will take on the responsibility of caring for an aging parent. A Dependent Care Flexible Spending Account (DCFSA) can help cover some of the expenses, tax-free. Dependent care plans are often associated with helping pay for childcare. But, these plans can also be used to pay for the costs of adults who need full-time care and attention. Using a DCFSA for adult dependents can be a good option for employees who are looking for assistance in managing the costs of eldercare.

ID and Legal Protection

A lot of life happens online. And that means an increased risk of fraud and identity theft. Offering plans that help employees protect themselves provides peace of mind in a complex digital world.

You Offer the Benefits; We Do the Work

These benefits sound great, but you and your client are already stretched thin.

That’s where Single Point Enrollment Systems comes in.

We can advise you on which plans and benefits will be best for your employees. Then, we go to work implementing the enrollment strategy, communicating with your client’s workforce, and getting them enrolled. We take the burden off your shoulders so you can focus on serving your customer.

Let’s have a conversation on how our team can create a strategy to retain your client’s employees and attract the best talent.