Decision makers for employee benefits have taken notice and are responding with a revised menu of benefit options. Primarily, they're focused on enhancing benefit selections, rounding out wellness coverage, boosting mental-health coverage and adding childcare programs and telehealth options.
Employers are generally mindful of how financially stretched their employees might be and are trying to limit how much they add to their burden. Instead of raising benefit levels for all employees across the board, it may be beneficial to develop a more targeted approach and let individuals select the benefits that are best suited for them, through a voluntary benefit package as an example.
One thing is clear however… in today's economy employees have shifted their perspective on compensation, focusing intensely on the employer sponsored benefit portfolio.
AIA Philadelphia offers its members access to My Benefit Advisor as a solution for employee benefits, including voluntary offerings. For more information about My Benefit Advisor, visit our website at aiap.mybenefitadvisor.com or contact Marlon Richardson at (215) 790-3640.