The Future of Employee Benefits

Health insurance is the standard. Free lunches and unlimited vacation are the trends of the startup world. But what are the future of employee benefits? Below are few ways employee benefits will continue to evolve in the years to come.

• Daycare. Whether it’s daycare at the office like Patagonia offers or a subsidized service for back-up care, child care assistance is a growing perk as companies are finding more ways to help working parents.
• Going Green. Incentives for riding bikes to work and taking public transportation are growing in popularity, but so are things like subsidizing CSA (community garden) boxes and classes for employees to learn how to garden.
• Wellness. Stand up desks, wellness rooms (beyond those for nursing mothers), and time off to volunteer are all benefits that aren’t going away, as companies are seeing the benefits of promoting a healthy lifestyle to their employees.
• Legal. Legal plans for employees that provide access to attorneys and legal help have been around for awhile but the options available are growing as new providers enter the mix.
• Paid Parental Leave. We may not have European policies, but paid parental leave benefits are growing and with a focus and for both men and women. Companies like Facebook and Google are leading the charge and proving that companies can (and should) provide time for parent and baby bonding.

As the workforce gets more competitive, employers are finding the need to revamp their benefits package to attract top talent. How do you know what’s best for your business? Keep your eye on new employee benefits and what other companies like yours are offering to stay competitive. Give your employees a survey to see what they’re interested in and see what will fit in with your current plan.

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