2020 brought employers and employees alike many new benefit management challenges. The Willis Towers Watson Employer Survey indicated that 82% of employers think the top benefit priority is enhancing wellbeing offerings1. Financial trouble, work-life balance, and health support are the top concerns employees are facing and improving these contributors can help attract and retain your workforce. Managing your benefits administration within your HCM system can prove invaluable and help you adapt to growing benefits and priorities that will help align to your strategic organizational goals.
Table of contents
- What are the potential new benefit trends?
- How can employers improve their benefit deployment?
- What benefits are employees looking for in 2021?
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With the new age of remote working options stretching into the unforeseeable future, digital transformation is here to stay. Benefits management remains an important piece for HR leaders to align with their current HCM offerings in order to truly understand what their employees need and make it easier for them to access from anywhere. The right software can help automate and track their use cases and needs, as well as show patterns using workforce analytics tools. Alongside software, the benefits that employees want are changing and it is best to keep that in mind when business planning in order to achieve organizational goals.