FSA Administration Company, Clarity Benefit Solutions, Discusses Spring Trends in Employee Benefit Customization
NEW YORK, March 20, 2018 /PRNewswire-iReach/ -- FSA administration company, Clarity Benefit Solutions, discusses spring trends in employee benefit customization.
Financial wellness initiatives. In 2018, many employers will focus on their employees' financial well-being beyond retirement benefits, such as helping to manage student-loan debt as well as developing daily and long-term budgets. Educating employees about how to take control of their own financial wellness is becoming a priority. Then, employees can plan major life milestones, such as buying a house or securing funds for retirement.
Customized employee experience. With the unemployment rate extremely low, employers must work hard to set themselves apart from the competition when it comes to attracting and retaining employees. Today's millennials and Gen Zers tend to seek a personalized experience while job hunting. For employers, this means developing a unique mission statement and company "story," as well as leveraging technology to make their experience worthwhile and offering benefit packages tailored to their individual situation.
New life for paid leave. Progressive companies are rewriting the rules when it comes to paid time-off benefits. Paid family leave is becoming a standard, and fathers as well as grandparents are taking time off after the baby arrives. More and more workers are also taking time off to care for family members.
Employer tactics to control health care costs. Unfortunately, health care costs are on the rise, and the onus is on employers to try and contain these costs the best way possible. Wellness programs have proven effective in addressing this issue. Healthier, happier employees don't fall ill or succumb to injuries as often. Using an online benefit platform such as Clarity's will also streamline the entire management process, which will also reduce costs.
Gig workers are impacting benefits. Gig workers, also known as freelancers or contract workers, are becoming an increased part of today's workforce. As such, employers are realizing that they also want access to benefits and plans they can personalize. While employers may not be able to offer them full benefits, the right mix of voluntary benefits would allow them to pay for these benefits as established by the employer.
About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.
Media Contact: Calvin Clark, Clarity Benefit Solutions, 7324288282, [email protected]
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SOURCE Clarity Benefit Solutions
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