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If there was ever a time to add voluntary benefits to your employer compensation package, this is it. The tight labor market combined with The ongoing health crisis nave helped drive a national trend of record high turnover rates.
What's more, employees are more aware of how vulnerable their health is, as well as the health of their families. And given the pandemic's impact and shaky economy, they're more conscious of how important financial and health benefits are if they get sick and can't work. So it makes sense that 66% of employees are spending more time reviewing their benefit options, according to our recent survey.
Many employers are looking for smart, creative ways to support their employees health and financial wellbeing. The sheer versatility and flexibility
of voluntary benefits offer employers a powerful and effective way to address their workers needs at minimal or no cost.
Additionally, voluntary benefits can go a long way in boosting retention and attracting skilled workers. And for small businesses who are competing with larger companies with deeper pockets for salaries, they can help level the playing field for worker.