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Shifting expectations: 3 trends to watch in workplace benefits
- Employers need to focus on adapting to benefits trends to keep employees happy, healthy, and productive.
- Bank of America found that competitive workplace benefits play a significant role in retaining employees.
- Flexible benefits give companies a competitive edge in attracting talent, especially in the current labor market.
- Comprehensive benefits plans aligned with company goals can improve employee financial, social, and emotional well-being.
- Employees are demanding more digital financial wellness tools for better access and engagement.
- Offering financial wellness resources and smart plan design can support employees in managing their finances better.
- Employers should provide education on existing benefits like Health Savings Accounts to maximize employee benefits.
- Interest is increasing in non-traditional benefits like Lifestyle Spending Accounts and family-friendly benefits.
- Personalized benefits packages are crucial for attracting new generations of talent seeking increased flexibility.
- Expanding benefits coverage to include Lifestyle Spending Accounts and family-focused benefits can enhance employee well-being.
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