Employee Benefits: What You Can Expect in 2019

​Though the open enrolment has ended, thinking about the benefit trends emergence is never too early. Employee benefits are an essential factor in attracting and retaining top talents that play a critical role in leading your company to success. Here are some things that you can anticipate this year regarding employee benefits.

Parental Perks
Many companies are offering extended paid leave policies to support parents. Aside from this, they are also offering subsidized childcare and flexible scheduling. Because of this, parents now can balance their home and work lives. More employers are shifting away from policies that give primary caregivers more time off, awarding both parents the financial security to focus and adjust to life with a new family member.

Voluntary Benefits
Many companies, in addition to the core healthcare package, offer voluntary supplemental benefits like:

• Accident
• Critical Illness
• Hospital Indemnity
• Disability
• ID Theft insurance
• Prepaid Legal
  
  

These optional benefits can help in alleviating the financial burden of the employees in the case of an unfortunate event. Aside from this, telehealth services can help the employees get access to digital medical health, which enables them to a fast and accurate treatment without them leaving their homes. 

Financial Wellness
Aside from supporting the mental and physical health of employees, company owners should also be aware of their financial wellness. There are many ways businesses can inform and educate their employees on healthy financial practices.

Recently, several companies offer counselling about finances, professional advice on their budgets, paying off debt and saving on their retirement. There are also some businesses that take an extra mile of helping employees pay off their student loans. Reimbursement plans that help people pay off their costly plans are also one of the benefits that some companies offer.

With these offers, it may help your company increase retention and attract younger employees.

Conclusion
Nowadays, it is hard to retain employees in a business. Giving them additional employees may help in keeping them content and happy. It will also help if you plan on buying an insurance policy, to support you in case something may arise unexpectedly. Your employees are the ones who help you in running your company. Be sure to take care of them, and they will work hard to help lead your company towards a better future.

At Employee Solutions Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (833) ESG - SERV or Click Here to request a free quote.