Commuters and part-time employees deserve to have a solid set of voluntary benefits packages available to them.
We understand that life can be unpredictable. Even before the pandemic, daily life had its ups and downs. These achievements and struggles define the human experience. However, in tough times, supporting one another becomes even more significant. For instance, HR managers should step up and expand or redesign existing voluntary benefits packages to keep pace with the ever-evolving circumstances that their colleagues must work around.
Achieve Extensive Coverage for Employees
Health insurance used to be the most demanded coverage type from employees. However, that is changing. Now more than ever, employees want better work policies. They want perks to increase and costs to decrease. These include requests for retirement savings, disability insurance, and life insurance. Human resources should recognize that trend and take meaningful steps to realize their promises.
Furloughs and Layoffs Affect Financial Situations
While furloughs and layoffs are less common than in previous years, they could still burden most employees. Even if such employment upheavals did not directly impact the other workers on your payroll, they likely know someone who was. For example, many companies had to lower their teams’ hours, which, in turn, decreased take-home pay. Fortunately, voluntary benefits packages provide more relief than they may appear to be on the surface. Even if they are not required in the short term, such options are still good to have as a peace of mind safety net.
Companies Must Adjust with the Times
Overall, businesses must keep up with societal changes. Old ways of thinking—even from a decade ago—are becoming outdated. Since they are no longer applicable to today’s workforce, they won’t be as active. Lastly, commuters and part-time employees deserve to have a solid set of voluntary benefits packages available to them. At the end of the day, all stakeholders can save money, and that is good news for everyone!
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on X and LinkedIn for the latest voluntary benefit news!