At a time when many employees and employers are under financial stress, some organizations are assisting them via various types of voluntary benefits, as suggested by new research from HR.com. Voluntary benefits can potentially also help improve the overall employee experience and address the problematic issue of work/life balance.
The free research report, Voluntary Benefits in Today’s Workplace, is now available for download. HR.com’s HR Research Institute partnered with InfoArmor, the market leader in employee identity protection, to conduct the survey of HR professionals from a broad cross-section of organizations.
It’s understandable amid today’s uncertain work environment, that voluntary benefits could help improve employees’ sense of security related to job, health, and finances, highlighting the importance right now of offerings like critical-illness insurance, financial counseling, and long-term care. The research reveals that the most common types of benefits offered include insurance plans for: life (83%), dental (77%), vision (76%), disability (75%), accident (58%), critical illness (51%), financial counseling (48%), and identity protection (39%).
More detailed investigation highlights the fact that organizations that view voluntary benefits as very important are about twice as likely to see employee engagement as a strategic value. Also employers are more likely to attract and retain