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Grouping Benefits to Enhance Financial Wellness
Instead of giving employees a list of benefit products, plan sponsors should consider presenting them as resources for different life stages, which can lead to better participation.
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Packaging a group of benefits and using one communication strategy for an entire workforce can be arduous and generic. A MetLife study suggests that, instead, employers should organize a suite of tools designed to navigate an employee’s financial well-being at every stage of their lives.
As workforces diversify and face greater challenges, employers are tasked with offering benefits that support financial, physical, mental and social health, all while providing employees with what they want: more options, according to a research report from MetLife’s 19th Annual U.S. Employee Benefit Trends Study (EBTS).
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