As renewal season draws closer, it’s important to pay close attention to the most in-demand benefits to maximize employee retention and recruitment this year. To help employers better understand what their workforce wants, online job search platform Lensa critically examined search data to determine the top benefits employees expect from their employers.
According to Lensa’s list, the following perks and practices are just a few of the many benefits that are rising in popularity among employees this year.
According to Lensa’s data, menopause leave incurred a 336% increase in annual searches. Most companies currently do not have menopause policies in place, but a survey conducted by Biote found that four out of every 10 women experience menopause symptoms that interfere with their performance or productivity at work on a weekly basis.
Mental Health Support
Economic volatility paired with the aftermath of the pandemic and traditional day-to-day stressors are prompting the need for increased mental health support in the workplace. To prevent burnout and combat decreased engagement and wellbeing, employers should enhance and emphasize mental health support.
Are you offering the mental health support your employees need and want? Find out by filling out our interactive scorecard, Mental Health in Your Workplace.
Flexibility is increasingly in demand, making a 4-day workweek an unsurprisingly popular perk. Employees are seeking greater work-life balance and more control over their time. As a result, organizations across the country are experimenting with a truncated workweek, and it’s highly likely that adoption of this arrangement will continue to grow over the coming years.
Modern Workplace Technology
The quality of your organization’s technology can greatly impact the employee experience. Specifically in relation to benefits enrollment, having an online platform that’s easy to understand and navigate is essential to ensuring strong enrollment numbers.
By leveraging your existing tech system, like those used for timekeeping or payroll, for benefits enrollment, you can streamline the process and provide employees with a familiar, user-friendly experience. The right technology can boost employee engagement while simplifying complex processes, which frees up more time for you to focus on other business priorities.
Learn more about the positive impact of modern workplace technology in our 2023 Employee Experience Guide.
As you prepare for renewal and open enrollment, consider having a conversation with your broker about how you can enhance your benefits to address employees’ evolving and growing needs. By offering the perks your workforce wants, you’re likely to experience higher employee engagement, satisfaction and retention.
Talk to our team of experts today to learn more about how CBIZ Employee Benefits can help you transform your benefits program.