Seventy-five percent of U.S. employees report that the workplace is a major source of stress for them. Due to this stress, employers are estimated to lose around $150 billion annually to both employee absenteeism and presenteeism. When employees are stressed, it affects their overall health as well as their ability to be productive at work.
Employees, employers and benefit brokers can all win with non-traditional voluntary benefits, here are a few examples of how:
- Voluntary benefits give employees more customization options, so they feel they have the full coverage they need
- Most voluntary benefits can be added to an employer’s benefits program for little to no cost to the company
- These programs are huge in an employer’s ability to attain and retain top talent
- Voluntary benefits offer brokers an additional route of revenue that can be fruitful, as well as long-lasting