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Buyers’ guide to off-the-shelf voluntary benefits schemes

Employee Benefits

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. In turn, this increases employee engagement. What are the cost implications?

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Celebrate success at the Employee Benefits Awards 2024

Employee Benefits

There is still time to enter the Employee Benefits Awards 2024 following the deadline extension to midnight on Friday 9 February. The awards feature a wide variety of categories designed to enable organisations to showcase their excellence in all areas of reward and benefits. See all the categories and enter now.

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Are we moving away from paternalism in employee benefits?

Employee Benefits

Credit: tomertu/Shutterstock Need to know: Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic. Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. Different groups want different things,” he says.

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7 Employee Benefit Trends that are Set to Dominate in 2024

Empuls

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.

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Using Workforce Insights to Inform Your 2024 Strategic Initiatives for Benefits 

HR Professionals Magazine

During open enrollment, the elections of your employees illustrate their preferences and what they value the most within your benefit offerings. By reviewing employee selections, you can compare the cost effectiveness of certain plan options and re-forecast how they will affect the benefits budget in 2024.

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More Employers Offering Wellness, Mental Health Chatbots

InterWest Insurance Services

Some 15% of the businesses surveyed were considering adding this type of offering in 2024 or 2025, the professional services company found. Typically, these apps are provided as a voluntary or wellness benefit. The takeaway Mental health care is an increasingly important part of employee benefits offerings.

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Best Benefits for Engineering Firms

Winston Benefits

And competition will only grow; according to the Bureau of Labor Statistics , employment in engineering is expected to grow 4 percent between 2014 and 2024, with higher growth rates in biomedical, environmental and civil engineering. Other firms may offer defined benefit packages as well, regardless of collective bargaining status.