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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

To evolve your benefits strategy, you need to understand what will help your employees the most. Here are the best benefits in 2024 based on input from real workers. Affordable healthcare Healthcare costs are a major concern for employees, especially for those who earn lower wages.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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Exclusive: Bupa and Vivup shortlisted for Best supplier to work for

Employee Benefits

Private healthcare provider Bupa and employee benefits provider Vivup have been shortlisted in the category Best Supplier to Work For at the Employee Benefits Awards 2023. It is only open to internal HR teams of employee benefits providers, suppliers, advisers and consultants.

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Best Global Benefits Services

HR Lineup

This includes their Mercer Mobility Exchange, which provides a centralized platform for managing all aspects of international assignments, and their Mercer Marketplace, which offers employees a range of benefits options to choose from. Control Costs Global benefits services can also help employers control costs.

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What Benefits Can (and Should) You Offer Temporary or Seasonal Employees?

Hppy

Indeed the latest BLS stats show that while at least two thirds of people in permanent public or private sector roles have core benefits like healthcare available to them, the same is not guaranteed for those with non-permanent positions. To be clear, the coverage only needs to last for the duration of their working contract.

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Benefits to support an older workforce

Employee Benefits

Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website. Valued benefits include above-statutory pension contributions, group life and income protection cover, and healthcare provision.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

Are you a recent graduate with student loans, a new parent, or someone looking to enhance their healthcare coverage? Budget : Evaluate your budget to determine how much you can comfortably allocate to voluntary benefits. Keep in mind that these benefits often come with monthly premiums.