Creating Value in Employee Benefits

In recent years, it has become apparent that the traditional principles pertaining to “value” in workplace benefits have changed. The reality that many employers have begun to embrace is twofold:

1. Employees are not just workers, but real people, and
2. A person’s job is a component of their life, not separate and distinct from it.

As a result, employers have realized the need to deliver both value and purpose in their benefit portfolios. To do this, in face of the economic and business uncertainties facing them, organizations are strategically redirecting their benefit expenditures on things that matter most to their employees. They are seeking to understand what employees prefer and value, eliminating underutilized and less relevant benefits, while focusing on improving wellbeing outcomes in a cost-effective manner.

Behind salary, most employees rate benefits, empathy and flexibility in their position responsibilities as most important when evaluating either their current job or future employment opportunities. As a result, employers are evaluating their benefit programs to assure they are properly designed to help keep employees feeling safe, protected and prepared for any health concerns that may arise. Additionally, business leaders continue to embrace flexibility both in the workplace and in the benefit programs offered to accommodate the needs of their staff.

My Benefit Advisor (MBA) guides employers of all sizes through planning, communicating, and managing a successful employee benefits program. We are ready to help you find the solution that fits your needs, from group insurance to individual coverage. For more information about MBA, contact us.