SANDRA CHARTON
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TOP HR BENEFIT TRENDS TO WATCH IN 2020
Student Loan Repayment Assistance
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Most businesses are aware of the monumental debt that employees have as a result of student loans. In an effort to attract and retain employees, companies are now trying to assist workers in paying off these loans.
Aid for Caregivers
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Nearly 20% of working adults help care for a family member. Employers recognize that this responsibility can be both financially and emotionally overwhelming. More companies and organizations are providing legal and financial resources to assist employees who are also caregivers.
Flexible Work Schedules
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Recent studies have shown that many employees who create their own schedules or work remotely continue to be equally productive. Approximately 69% of companies now allow employees to work remotely.
Mental Health and Wellness Benefits
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More employers are recognizing the importance of addressing mental health issues in the workplace and putting in place supports to help employees manage stress. Many organizations are training managers on ways to recognize when employees may need help..
Personalized Benefits Packages
Sandra Charton | SandraCharton.com
There are viable alternatives to a “one size fits all” approach to employee benefits. For example, a young single employee may have different needs than a married employee with children. Many employers are trying to provide more personalized benefits in 2020. These “tailored” benefits may include, among other options, tuition assistance, fitness reimbursements, and long term disability insurance.
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