Changes in Employee Benefit Packages – What Are Employees Looking For?
According
to studies, 52% of millennial employees seek employee benefits
packages that can offer them long-term financial security. It has
become a priority to many millennials to have financial security not
just right now but in the future even when they leave the company or
later on during retirement. This is why retirement solutions where
companies shoulder part of their retirement package is valued.
Another
growing trend in Employee
Benefit Plan in Vancouver
is the interest in wellness programs. In addition to benefits that
promote physical wellness such as massage therapies, many employees
now look for programs that promote good mental health. That includes
checking stress levels and having benefits that will allow employees
to manage their stress better.
In
smaller companies, employers and employees alike are benefitting from
having voluntary packages in an employee benefit plan in Vancouver.
Employees can tailor-fit their contributions to suit their personal
needs while employers can also use this to save more money.
Age-specific
employee benefit plan in Vancouver is also gaining traction. Now,
employers understand the differences in benefit needs. Younger
employees may have different goals and specifications while older
employees may have different priorities.
With
these trends, it can be challenging for a business owner to come up
with a competitive benefits plan. But with the help of companies like
ZLC Financial, that can be possible. With extra help, business owners
will be able to broaden their horizon when it comes to benefits
providers and determine which of these vendors will likely provide
the best benefits to their employees.
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