There have been plenty of changes in the last nine months or so, and 2021 is already shaping up to be another challenging year for employers and employees alike. Some of the changes made last year will stick around and be refined, like remote work.
These changes will make some of your older policies and programs even more outdated. Modern benefits plans have been on the rise for years now, but 2021 and the advent of remote work might finally push the majority of businesses to adopt them. After all, the last year made some people question the benefits packages they did have, and flexibility became the keyword for everything.
Is it time for you to say “out with the old, in with the new” when it comes to your benefits? Take a look at what modern benefits programs can offer, and you might be convinced you should have made this move sooner.
Flexible Benefits for the Flexible Workforce
The last year saw a huge shift to remote work. Employees had been pushing for more flexible work schedules and work-from-home arrangements for some time already, but lockdowns made it a necessity for many.
As we enter 2021 in renewed lockdowns and more uncertainty, it seems like remote work isn’t going anywhere soon. In fact, most experts predict it’s going to stay in some capacity for the foreseeable future. Not everyone will be full-time remote, but many positions will become much more flexible on a permanent basis.
A more flexible workforce also needs more flexible benefits. You might have offered gym memberships or provided healthy meals at the office, but those options largely disappeared in 2020. Your team members want access to online fitness programs or wellness apps to support their health and wellbeing outside the gym and office—especially if they’re going to stay remote.
Dental benefits, RMT visits, and physiotherapy appointments also disappeared for a few months in 2020, which may have left employees “scrambling” to spend all their dollars at the end of the year. It may have also had them looking for alternatives to help them maintain health and wellbeing when they couldn’t access these services.
A more flexible benefits plan would have served them in that quest. Modern benefits plans let employees choose how much to spend and where to spend it. That way, they can make sure their needs are covered. They don’t have to pay out of pocket for the alternatives they feel support them, and they don’t have “extra” unused benefits dollars kicking around at the end of the year.
It also better supports remote workers, who may not have access to what you offer employees who work on-site.
More Value for Valuable Employees
A flexible benefits program also provides more value to your employees. They can see what it’s worth to them, dollar for dollar.
It gives them more autonomy, which your team members appreciate. It even goes a step further and shows you respect them and understand that they’re in the best position to make decisions about how to best use their benefits dollars.
That’s a whole lot of value that you can’t give to your team members just by increasing dollar amounts in a traditional benefits plan. Sure, you can give them more to spend on dental benefits, but you can’t give them control or show your respect that way.
It’s Time to Modernize
It’s already 2021, so why are you still offering your employees benefits programs designed for the 20th century? It’s time to modernize your benefits plan and bring it into the 21st century, to fit the needs of your 21st-century workforce.
Ready to get started with a better benefits plan this year? It’s time to get in touch with the experts. We can help you discover the right flexible benefits solution for your unique team.