Voluntary Benefits

As inflation rises and signs point to a possible recession, employers and their advisors should double down on core benefits.

This co-parenting solution automates and manages child support payments, expenses, custody arrangements and communication.

"With inflation at record levels not experienced in decades, the financial stress caused by increasing prices is taking a toll on American workers," says Rob Grubka, CEO of Health Solutions for Voya Financial.

The following challenges help illustrate why voluntary benefits have been pushed to the forefront, the impact they have on employers and the role of benefits advisors in this new environment.

Brokers produced a 16% leap in sales last year, exceeding their pre-pandemic numbers and the strong 2021 industry average growth of 11.3%.

Notably, benefits related to their work schedule supersede financial offerings for employees.