What employees and clients are looking for in 2024
Work with the right provider to offer the right benefits, drive adoption, and deliver employee satisfaction.
With employee financial stress remaining high, benefits that enhance financial stability and offer real savings on taxes, healthcare, and everyday expenses are especially crucial.
HR decision makers, and the professionals that serve them, continue to navigate an uncertain economic landscape. Despite continued volatility, offering a competitive benefits package remains critical, especially for recruiting and retaining talent and employers continue to improve their benefits offerings.
In order to remain competitive and meet employee needs in the upcoming year HR leaders and benefits brokers must:
- Survey employees to find out their needs and priorities.
- Audit their current benefits offerings and rate ease-of-use, level of customer support, and employee utilization and satisfaction.
- Add or increase employer match for benefits such as 401(k)s and HSAs. These put real dollars in employees’ accounts, provide employee tax benefits and FICA savings for employers, making them a win-win for all.
- Research adding financial benefits such as paid parental leave, medical travel, emergency savings accounts, student loan repayment, tuition reimbursement, and commuter benefits to help ease employees’ financial stress.
- Consider adding Lifestyle Spending and Medical Travel Accounts to ensure equity of access to medical care and flexibly support employees’ financial, emotional, and mental wellness.
- Work with benefits providers that offer top-rated support, provide benefits education materials, and encourage employee education and adoption during open enrollment and all year long in order to make HR leaders jobs easier and increase benefits awareness and adoption.
If you are looking to add your benefits package with a top-rated HSA, or easy-to-use FSA, HRA, Lifestyle Spending, or Medical Travel Account, reach out to Lively.
Lively is the benefits solutions provider that gets it right. We designed our solutions to take the guesswork out of managing benefits. And our innovative features are built to simplify benefits administration and evolve with your business. By combining robust features with unparalleled service, we make benefits administration effortless, even when time and energy are limited. Experience benefits administration as it should be with Lively.
Lively currently offers HSA, FSA, HRA, COBRA, Direct Bill, Lifestyle Spending Accounts, and Medical Travel Accounts.
Get in touch
Loading...