More employers are recognizing how important communication is to the success of any benefits program. In other surveys, employees have admitted that they don’t understand all the benefits their organization offers or that the programs available don’t meet their needs or are too difficult to understand. The COVID-19 pandemic upended employee benefits strategies almost as soon as it began. Employers could also offer webinars and online tools aimed at helping employees support their financial health/retirement concerns, while consistently communicating the availability of these resources. Those shifting employee priorities and the transition to remote work played a large role in the emerging benefits in MetLife's 18th Annual U.S. Benefits priorities are shifting considerably due to the COVID-19 pandemic. This translates to employee burnout, which is a huge employee engagement trend and challenge for people leaders to address going into 2021. Commentary 2021: The year of financial well-being In 2020, employers saw that employee well-being is a critical component in productivity -- here's how that will affect trends in 2021. Writing these down will let people know the unwritten rules to what behavior is okay. Money can then be applied to a variety of health-plan options, each with a different premium cost, and often offered by a different insurance carrier. With 2021 planning underway, are increases in telehealth and mental health support sticking around? Going into 2021, 88% plan to provide such online resources. A personal favorite way to address burnout is to write down your team’s unwritten rules. By Marek Ciolko Oct. 28, 2020. Employee Benefits Trends For 2021 Aaron Sanborn. Employee Assistance Programs (EAP) (56 percent), Behavioral/Mental Health Services (51 percent), Hospital Indemnity Insurance (48 percent), Paid Time Off for Volunteering (42 percent), Student Loan Repayment Plans (38 percent), In other surveys, employees have admitted that, their organization offers or that the programs available, don’t meet their needs or are too difficult to understand. Please join us for our live Hot Topics and Trends in Employee Benefits for 2021 webinar on Thursday, December 3, 2020. It's more about employees achieving a good work-life balance that helps them be productive at work and more present in their personal lives. support employees who are working from home, employee engagement activities and initiatives for remote workers. Employers can improve benefits communication in three steps: It’s not enough to follow the latest HR trends and make changes accordingly, employers need to work with their employees to determine what benefits are most valuable to them, which programs fit their needs and how they can make it easier for them to access their benefits. While it's likely that more employers will offer this if they see a benefit to it, employees should always remember that it's up to them to put together their own. In total, an estimated 16 million U.S. knowledge workers started working remotely due to COVID-19 as of March 27; that number is certainly much higher now. Just 44 percent think their benefits package is above average compared to what other employers are offering. By Nancy Ryerson | October 21st, 2020 | For Employers | The COVID-19 pandemic upended employee benefits strategies almost as soon as it began. Whether it’s a meditation app, therapy consultation, running shoes, exercise equipment, meal delivery or anything else, giving your employees flexibility and autonomy over their health and wellness needs will make a difference in their employee engagement. We use cookies to ensure that we give you the best experience possible on our site. Every 100 employees who work from home twice a week would eliminate 70 tons of CO2, or 154,000 miles traveled by car, each year. Up from 63 percent at the start of the pandemic, 69 percent of employers told The Hartford they’re mostly or fully responsible for making sure employees understand the benefits offered. By using our website you consent to the use of cookies, developing and sustaining employee engagement. MSK programs are also a helpful option for companies that have on-site clinics at some of their locations, but not all. To improve employee engagement especially as employees continue to work remotely, people leaders ought to put thought and effort into rolling out employee engagement activities and initiatives for remote workers that specifically address isolation and that encourage interaction and emotional connection among team members. Attorneys from our Employee Benefits … Attorney Advertising Notice: Prior results do not guarantee a similar outcome. A recent CDC study showed that the national rate of anxiety in the United States tripled in the second quarter compared to the same period in 2019, (from 8.1% to 25%), and depression almost quadrupled (from 6.5% to 24.3%). Kate Lister, the President of Global Workplace Analytics, estimates that 25 – 30% of the workplace will be working from home multiple days by the end of 2021. Employee Benefit Trends Study 2020, 4 Reasons To Take Online Career Courses - Work It Daily | Where ... ›, SHRM Leads The Way On The Latest Industry Trends - Work It Daily ... ›, Working From Home Trends You Should Know - Work It Daily ... ›, 3 Things All Employees Will Need After COVID-19 - Work It Daily ... ›, 5 Trends in Employee Benefits for 2021 Open Enrollment ›, Top 10 Employee Benefits for 2021 | Best Money Moves ›, Planning 2021 Benefits Changes for the COVID-19 Era ›, Employees do have an interest in growing and advancing their careers, and 65% of them would like their employers to offer some sort of professional development credits/reimbursement for external training and courses. One of the best ways to give them that support is to give them an open invitation - and budget or allowance - to choose what health and wellness means to them. document.getElementById("comment").setAttribute( "id", "a5850d69233a8d8b89e4cc4aa8ff030f" );document.getElementById("b1aae4d9ef").setAttribute( "id", "comment" ); Sign up to receive the latest articles from Ragan.com directly in your inbox. Virtual programs give people in pain the opportunity to access appropriate care without leaving home. The content and links on www.NatLawReview.com are intended for general information purposes only. However, as we look back over the past nine months, we see how significant disruptions brought on by COVID-19 have changed the way we live, work and take care of ourselves. The march of technology seems unstoppable, but human resource teams don’t have anything to fear. Check out our FREE resources page and Live Events Calendar. ©2020 Epstein Becker & Green, P.C. Here are some of the issues and trends they will be dealing with on the human resources and employee benefits fronts. And while HR leaders already know how important acknowledgement and recognition is for employees in the workplace, many companies were struggling with employee recognition long before the pandemic. As employers and employees continue to adjust to ever-changing workplace dynamics, these employee benefits are expected to play an even larger role in the years ahead. That trend is taking on new meaning in 2021, as the COVID-19 pandemic has really shifted employee priorities. 20 New HR Trends & Predictions for 2020/2021 You Should Be Thinking About. As more individuals stay home — willingly or out of necessity — the health care industry has responded with rapid advancement of telemedicine and virtual services. HR trends 2021: which benefits do employees value most? In response to rising costs, 68% of employers said they predict they will have a corporate musculoskeletal program in place by 2023. 5 employee engagement trends for 2021 1. 3 Dec. Click Here To Register. Given the way 2020 has played out, it is hard to even attempt to figure out what 2021 will look like. Marek Ciolko is CEO of Gravie. Lessons From Current COVID-19 Workplace Litigation Trends December 2, Hot Topics and Trends in Employee Benefits for 2021, Data Monetization in Autonomous Vehicles, Security & Surveillance, 2021 Labor and Employment Legal Update [WEBINAR], Webinar: Changing the Rules After the Game Has Already Been Played – The SBA’s “Do-Over” of PPP Loan Necessity and Eligibility Determinations, Annual Review: Noncompete and Trade Secret Protection for Employers [WEBINAR], Employer Think Tank: Moving the Needle on Diversity, Equity & Inclusion [WEBINAR], McDermott Will & Emery Employer Think Tank | Keynote Presentation with Vernā Myers [WEBINAR], Public Health v. 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