Though the economy is improving, experts predict no more than a 3{d044ab8acbff62f209a116f8142e303cb886f535b0fcf58cb82cde7cb327d3c9} salary increase for most employees in the coming year. As a result, many employers are looking to other ways to keep their employees happy, and voluntary benefits are a great way to do that.
They’re also an even better way of encouraging employees to stick around and be less likely to start looking elsewhere in the future when salaries continue to rise.
“When financial rewards are limited, it’s more important than ever for organizations to remember that money isn’t the only thing that matters to employees,” said Mark Royal, senior principal within Hay Group Insight, the employee research division of the global management consulting firm.
For help with identifying areas where your company can improve its benefits offerings, contact Sequoyah Group today. To read the full text of the article from Employee Benefits News, click here.