Voluntary Benefits

According to the Lattice 2023 State of People Strategy Report, finds that though recruiting was professionals' #2 priority last year, it dropped to 8th place this year.

Since 60% of employees struggle to use all their paid time off, companies can repurpose it into other benefits employees want (HSAs or student loan payments), create employee emergency funds, or provide early wage access.

Reach people where they are – create personas to improve personalized communications, offer digital guides to help educate employees and gather data on benefits they value most, especially for virtual employees.

More than 8 in 10 equity plan participants don't consider quitting, according to the Computershare study.

As the labor market remains strong, it's a good time to help your clients consider income protection through individual disability insurance as part of their benefits package.

"Flexible benefits programs that bring more choice, personalization, and joy back into the employee experience are key to standing out as an employer of choice," the study from Benepass says.