The rapid­ly chang­ing busi­ness land­scape has forced busi­ness­es to change the way they look at their employ­ees. Today, thanks to a tec­ton­ic shift in the way busi­ness­es think, employ­ees, more than just work­ers, are con­sid­ered stake­hold­ers. For many busi­ness­es, address­ing the needs and con­cerns of their employ­ees is an impor­tant KRA that they can’t afford to over­look. To ensure employ­ee sat­is­fac­tion, many busi­ness­es have employ­ee ben­e­fits pro­grams in place. You just can­not set up your ben­e­fits pro­gram and for­get it. Employ­ee needs and aspi­ra­tions keep on chang­ing. To ensure your ben­e­fits pro­gram is rel­e­vant, you need to revis­it it reg­u­lar­ly, and intro­duce changes accord­ing to the lat­est ben­e­fits trends. As you get ready to revis­it your ben­e­fits pro­gram for the com­ing year, we bring to you a few trends that are set to change the rules of the game in 2019. Take a look.

1. Personalized benefits plans are in 

In 2019, more busi­ness­es will pro­vide their employ­ees the lib­er­ty to cus­tomize their ben­e­fits plan. Employ­ers will pro­vide more auton­o­my to their employ­ees to opt for plans that meet their per­son­al needs. Many busi­ness­es are also adding more mus­cle to their vol­un­tary ben­e­fits options. In the com­ing years, more com­pa­nies will offer ben­e­fits such as pet insur­ance, legal ser­vices, and acci­dent cov­er­age at dis­count­ed rates to their employ­ees. Many orga­ni­za­tions have gone a step ahead and are offer­ing emer­gency child­care services.

2. More businesses will come up with plans to promote wellness in the workplace 

To help their employ­ees cope with work-relat­ed stress, many busi­ness­es are tak­ing steps to pro­mote a more employ­ee-friend­ly work envi­ron­ment. Many com­pa­nies are train­ing their man­agers in men­tal health first aid. Employ­ee health will con­tin­ue to be a major con­cern in 2019, and more employ­ers are expect­ed to come up with flex­i­ble work sched­ules to help their employ­ees main­tain work-life balance.

3. Unlimited vacation to make way for increased time off 

Many busi­ness­es are find­ing out that going on unlim­it­ed leaves is no longer a moti­va­tion for their employ­ees. Thanks to peer pres­sure and busy sched­ules, many exec­u­tives are unable to avail these ben­e­fits. To keep their employ­ees moti­vat­ed through­out 2019, sev­er­al busi­ness­es will replace unlim­it­ed PTOs with oth­er ben­e­fits such as mater­ni­ty and pater­ni­ty leaves, bereave­ment, and sick leaves.

These are some ben­e­fits trends you need to con­sid­er when revamp­ing your employ­ee ben­e­fits pro­gram for the com­ing year. If you want to stay on top of devel­op­ments in the ben­e­fits indus­try or want an expert by your side to revamp your ben­e­fits pro­gram, Arrow Ben­e­fits Group would be hap­py to help. As an expert ben­e­fits con­sult­ing firm, we spe­cial­ize in design­ing cus­tom ben­e­fits pack­ages for clients from dif­fer­ent indus­tries. To talk to our experts, call at 707–992-3780.If you want us to call you, fill out our con­tact form.