How the Pandemic Has Transformed Employee Benefits
The COVID-19 pandemic has forever changed the way businesses approach employee benefits. As workforce needs evolve, HR leaders have an opportunity to redefine their benefits strategies to align with employee expectations and ensure organizational resilience. Here’s how to navigate this shift effectively.
The Changing Landscape of Employee Benefits
The pandemic underscored the importance of benefits that prioritize health, flexibility, and well-being. According to surveys, 64% of employees feel their employer resources support their health and well-being, but many desire greater clarity and fewer choices.
Key Trends in Pandemic-Era Benefits
1. Telehealth is Here to Stay
Telehealth usage skyrocketed during the pandemic, with healthcare providers seeing up to 175 times more patients virtually.
Actionable Tip: Promote telehealth services with video testimonials, email reminders, or small incentives to drive adoption.
2. Prioritizing Mental Health
Mental health challenges surged, highlighting the need for comprehensive support.
Actionable Tip: Offer Employee Assistance Programs (EAPs) and training sessions for managers to identify and address mental health concerns.
3. Flexibility is a Necessity, Not a Perk
Employees now expect flexible work arrangements, with 60% preferring remote or hybrid models.
Actionable Tip: Reevaluate work schedules and use surveys to understand employee preferences.
Building a Competitive Benefits Program
HR leaders should focus on benefits that cater to both remote and on-site workers, emphasizing wellness, flexibility, and mental health. Use data analytics to gauge program effectiveness and identify gaps.
Take Action Today
The pandemic has redefined what employees value most in their benefits. By adapting your approach to include telehealth, mental health support, and flexible arrangements, you can build a program that attracts and retains top talent.
Meet the needs of today’s workforce. Redefine your benefits strategy with insights from Paycor today.
Ready to Transform Your Employee Benefits Operations?
Encourage HR leaders to evaluate their benefits programs and adopt emerging trends, such as telehealth and flexible work arrangements, to meet workforce needs.
Contact EvolvHR today to learn how we can help you implement these strategies and build a stronger, more resilient organization.