It’s a new era for employee benefits. A tightened job market, higher employee expectations and a diverse workforce are causing a shift in the offerings that workers want–and employers provide. While table-stakes benefits like health insurance and retirement accounts are still among the most important and high-value offerings, the workplace shift is putting the onus on HR leaders to go further in their efforts.
“Low unemployment, more choice in benefits and societal changes have a huge impact on employee expectations about what they want–both from their workplace and their career more broadly,” says Kimberly Bowen, vice president of talent management at Unum.
Although 2020 is seeing an influx of vital perks, here are 10 of the most impactful benefits that offer employers the most bang for their buck, according to HRE editors and industry experts.
*Editor’s note: This feature was written for our April issue prior to the coronavirus outbreak.