It used to be that when an employee thought of a “benefits package,” more often than not he or she thought of health coverage and retirement plans. But as these programs have become more mainstream offerings (due in large part to the Affordable Care Act and broader financial wellness education), many employers are providing more diverse options. Health and financial benefits are only the tip of today’s employee retention iceberg now that advisers have an arsenal of other “softer” benefits at their disposal.
Wellness programs still top the list of supplemental benefits being offered by companies of all sizes. Employee wellness programs are designed to reduce absenteeism and healthcare costs by promoting physical activity, improving nutrition and creating a healthier workplace. Offering wellness programs also may improve employee satisfaction and engagement.
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