Jars with coins and expenses labeledAs employees continue to look for ways to stretch their paycheck and recover from the financial hardship of the pandemic, voluntary benefits will get more attention. (Photo: Shutterstock)

COVID-19 has disrupted our world in ways we never would have imagined this year. Likewise, the pandemic has changed the employee benefits landscape. One of those changes is that voluntary benefits have taken on even more importance.

Voluntary benefits have always been a win-win. Employers find them an excellent recruiting and retention tool while employees see voluntary benefits as an opportunity to choose benefits they need or want. In recent years voluntary benefits have seen more popularity as the products themselves have become more diversified and appealing to multiple generations in the workplace.

Related: Despite current volatility, Moody’s is bullish on long-term future of voluntary benefits

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