Voluntary Benefits

Last month, we considered some principles of behavioral economics as they apply to enrollment. This month, let's consider techniques to help influence employee behavior.

Increasingly, partners regard each other's careers as equally important, meaning that both have to find good jobs before moving to a new place.

Instead of letting staff brood over abusive bosses, causing the quality of their work go downhill, workers should be given an outlet for their frustration.

When it comes to voluntary benefits, millennials have different priorities than Gen Xers and Boomers.

There are at least two components common to most successful products: benefit strategy relevance and program mechanics.

The leading factor that prompts most companies to voluntarily offer paid leave is employee demand, particularly from millennial workers.