Things are Changing: 6 Employee Benefit Trends for 2022

The talent market is always evolving – and always posing challenges to employers as they strive to attract and retain desired candidates. But in the wake of the global pandemic, companies have been forced to rethink and revamp their benefits packages like never before.

Here are six of the top trends shaping employee benefit demands in this new year – and well worth investing in so you can continue to win today’s unprecedentedly competitive talent war:

Top Trends for Employee Benefits in 2022

Personalized Benefits

Every employee is different – and so are their benefit needs. So instead of offering the same cookie-cutter package to everyone, customize by allowing your worker to choose from a wide selection of benefits. A partnership with a professional employer organization (PEO) can be a great way to afford a greater range of benefits that will keep you competitive even with much larger employers.

Flexibility

Workplace flexibility includes, but is not limited to, remote work. For onsite employees, it typically means giving them the freedom to choose their daily and weekly work schedules to best accommodate their personal lives. People work best when they have greater control over their hours, so it’s much smarter to concentrate on results, versus maintaining a strict 9-to-5 schedule.

Hybrid Work Models

Speaking of flexibility, a hybrid work model – allowing employees to work both in the office and from home – is often an ideal arrangement for everyone. Especially if you’re equipped with the right technology – something else a PEO or other outsource provider can assist with – it can be very easy for hybrid teams to work together efficiently and productively.

Mental Health Support

Do you have an employee assistance program (EAP)? If not, now would be a great time to start one, or at the very least, provide access to mental health and other lifestyle resources to help people cope with what will likely be long-lasting fallout from the pandemic. Burnout, stress, anxiety, and depression continue to plague countless people as 2022 gets underway. Here too, an outsource provider can assist.

Financial Wellness Benefits

Financial wellness benefits help employees achieve their most meaningful life goals, including security for their family and meeting out-of-pocket health and wellness needs. Budget counseling, insurance benefits, and savings programs are a few examples, as is education to help people better understand financial security and how to achieve it.

Home Office Reimbursements

Make sure employees who work remotely have the facilities, equipment, and resources they need to perform successfully. Provide reimbursement for items like laptops, tablets, workstations, and higher-speed internet.

Partnerships Can Help You Navigate Changing Trends

As you design, fine-tune and implement your benefit plans, outsourcing some or all of your HR work can often be the solution you need, so you can stay on top of it all and focus your time and energy on running your business. To learn more about PEOs and other innovative outsourcing solutions, contact Key HR today. We’re aligned with a full spectrum of preferred provider companies to offer new ways of meeting your benefits, insurance, payroll, employee leasing, and related needs.