Benefits are crucial for an organization. Not only do they help you attract and retain top talent, they’re also one of the top ways an employer can show empathy for the employees.
According to our State of Workplace Empathy report mental health benefits and financial support sit among employees’ must-have benefits. However, an average 70-point gap exists between the benefits employees want most versus what they’re using.
Understanding benefits, finances, lack of visibility or access are all factors that cause the gap. With the right tools, communication plan, and insights, HR can help close this gap and support their employees in having access to the right benefits at the right time.
The right benefits package can be a game-changer for employees. According to our data, 47% of employees would feel panicked about an unexpected medical expense and 1 in 2 employees have experienced a mental health issue in the past year.
Understanding which benefits employees want most is the first step in building a strong and competitive total rewards program. In the last two years, employees’ benefits expectations have expanded to include more holistic options, like financial wellness and mental health.
Here are the top benefits employees want:
Check out our Benefits Pulse episode featuring Shelby Gartner from IdentityForce about how financial coaching should be a part of your total rewards program.
On average, 84% of employees are confused about their benefits. But when the right technology and personalization is in place, 80% say that they feel confident in their benefit election choices despite that confusion.
Employees don’t need to be benefits experts, but their benefits should be accessible, easy to understand, and tailored to their needs.
Here’s how you can use empathy to promote benefits at enrollment and beyond:
Employee benefits are a critical factor in retention and satisfaction. By understanding what employees want, adopting an empathetic approach, and using marketing strategies, HR teams can significantly improve benefits engagement. Now is the time to make your benefits package shine and show your employees that you genuinely care about their well-being.
Are you ready to elevate your benefits game? Learn more about how an empathetic approach can drive real results for your benefits program in our empathy study, A Game Plan for Putting Empathy Into Action.