Hundreds of different types of benefits are offered to workers by different employers. According to a recent survey from the Society for Human Resource Management, 35% of HR people said their employer was offering more benefits in 2015 than in 2014. The survey identifies several employee benefits trends we should all watch in 2016.
1. Employee Health Benefits
According to the survey, the following employee health benefits are increasing in use:
- Health Savings Accounts (HSAs) and contributions to HSAs
- Mental health care coverage
- Contraception coverage
- Vision insurance and laser surgery
Flexible Spending Accounts (FSAs) are decreasing in use.
2. Employee Wellness Benefits
According to the survey, the following employee wellness benefits are increasing in use:
- Health and lifestyle coaching
- Smoking and cessation programs
- Premium discount for health risk assessment
On-site stress reduction and nap rooms are decreasing in use.
3. Employee Retirement Benefits
According to the survey, the following employee retirements benefits are increasing in use:
- Roth 401(k)s
- One-on-one investment advice
Defined contribution plan loans are decreasing in use.
4. Employee Financial Benefits
According to the survey, the following employee financial benefits are increasing in use:
- Spot bonuses
- Nonexec signing bonuses
- Donations for charity events
Auto-subsidy, credit unions and payroll advances are decreasing in use.
5. Employee Service Benefits
According to the survey, the following employee service benefits are increasing in use:
- Pay cards
- Shopping discounts
- Pet insurance
Postal services, subsidized on-site cafeterias, and executive club memberships are decreasing in use.
Do you agree or disagree with these employee benefit trends?
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