Revamping Employee Benefits For The Future

American Express became the first private company to offer retirement benefits in 1875, with their retirees receiving 50% of the salary earned during their last decade with the company.

Employee benefits have been a mainstay in the workplace for centuries now to attract and retain top talent. Today’s workplace benefits largely focus on improving the wellbeing and health of employees so that they stay engaged, satisfied and productive.

This has become a significant focus, as the past year has led many workers to suffer from increased mental health issues. But as we enter a new era of the workplace, what can business leaders do to adjust and improve their current benefits offerings?

Coaching has become increasingly popular in recent years as it has direct ties to improving worker welling and productivity levels. For instance, talent insurance allows companies to help teach their workers how to be mindful in the workplace, find purpose, identify emotional triggers and adopt tools to avoid burnout.

According to the Employee Benefits Trend Study, 86% of employees stated that finances were their top source of stress. The past year meant layoffs, cutbacks and other financial losses, which is why financial wellness offerings are a necessity today.

This can be done through financial coaching that helps guide fresh-out-of-school young workers struggling with debt or new parents trying to save for their child’s college tuition.