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5 voluntary benefits plan design tips

WEX Inc.

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? And don’t forget to check out our Benefits Buzz podcast episode below. What are voluntary benefits?

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

Sales of voluntary group benefits grew at a record pace in 2023 as more employers expand their offerings and demand continues booming as employees seek out benefits that can defray costs, according to new research. Premiums collected for employer-sponsored voluntary benefits jumped 6.7% Accident insurance rose 4%.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company. Voluntary benefits have been becoming more popular among employers in recent years as unemployment falls.

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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Why are some examples of voluntary benefits?

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Enhance Your Benefits Package for Pennies: The Power of Voluntary Benefits

CorpStrat

As open enrollment season approaches, most companies are looking to enhance their benefits packages without breaking the bank. Voluntary benefits offer an excellent solution, providing added value to employees, at little to no cost for employers. Ask your CorpStrat representative about voluntary benefits for your team.

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. So, what support can voluntary benefits offer in uncertain times?

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Cawleys uses voluntary benefits to motivate and support employees

Employee Benefits

Independent waste management business Cawleys has invested in a variety of voluntary benefits to create a working environment that inspires, motivates and supports its employees. Its voluntary benefits provision is supported by a wide range of employer-funded benefits, including reduced working hours for all staff by 2.5