HR Tip of the Week: Does Your Employee Benefits Package Appeal To Your Workforce? SHRM 2019 Employee Benefits Survey shows that student loan repayment, paternity leave, standing desks and telemedicine are all ticking upward.
“Finding the right combination of benefits that appeals to a multigenerational workforce can be a challenge,” said Alex Alonso, SHRM-SCP, chief knowledge officer for SHRM. “But if you know a good portion of your workforce are Baby Boomers with aging parents, you might choose to beef up your caregiving benefits and flexible scheduling policies. On the other hand, if you have a young demographic, offering benefits like student loan repayment could be the way to go.
“Health care costs are eating up a good portion of employer benefits budgets, so employers aren’t choosing to make many new changes,” he explained. “It’s really about incorporating the higher health care costs and doing what you can with the rest of your benefits budget to meet employees’ needs.”
Read the highlights from the SHRM Employee Benefits Survey here.