Benefits trends: What will work for 2020

Benefit trends are shifting to meet the growing demands of a younger workforce. Now more than ever, your clients must foster innovative and creative ways for employees to thrive, engage with their work, and stay at their job. 

With lower U.S. unemployment rates in 2019, companies must remain competitive to attract and retain the best talent. Salary alone is no longer the only draw for long-term employee commitment. With millennials becoming influencers in the job market, employers are focused on offering valuable perks that impact their employees’ daily lives and emotional health.

As companies strive to be recognized as employers of choice, enhancing corporate benefits is now a critical piece of a company’s stake in the talent acquisition and retention game. Personalizing benefits compensation packages and creating an engaging employee experience are dominant factors in employees entertaining job offers.

Here are the latest benefits trends: