Growing Trends of New and Creative Benefits
The Webinar was held on June 15, 2023
Experts discussed:
Key Takeaway 1: Expanding the Definition of Employee Benefits
Traditionally, discussions around benefits centered on employee compensation, healthcare, and paid time off. However, in the post-COVID era, there has been a shift towards recognizing the importance of lifestyle benefits that improve mental health, education, maternity leave, and more. These benefits are now seen as crucial factors in enhancing the well-being of employees and their families, as well as improving overall working conditions.
Key Takeaway 2: Attracting and Retaining Talent Through Comprehensive Support
The webinar emphasized that attracting and retaining talent goes beyond offering competitive salaries. The modern workforce is increasingly interested in how companies support their employees' goals and well-being. For instance, employees now consider education benefits, assistance with children's college tuition, and robust mental health support as significant factors in choosing an employer. By providing comprehensive support that extends beyond monetary compensation, organizations can strengthen their ability to attract and retain top talent.
Key Takeaway 3: Enhancing Employee Well-being for Improved Productivity
Another important point highlighted in the webinar was the connection between employee well-being and overall productivity. Companies that prioritize the well-being of their employees tend to experience higher levels of engagement, motivation, and job satisfaction. To improve well-being, organizations should invest in initiatives such as mental health programs, wellness resources, and family-friendly policies. By fostering a positive and supportive work environment, businesses can create a mutually beneficial relationship where employees thrive and contribute to the company's success.
We were joined by:
- Tammy Davidson, Executive Vice President Client Services
- Aaron Tandy, General Counsel, Boucher Brothers (Moderator)
- Cynthia Borkoski, Employee Benefits Advisor, USI Insurance Services
- Manny Fernandez, Vice President, Brown and Brown Insurance Agency
Sponsors:
Gold Sponsor: South Florida Commuter Services
Bronze Sponsor: Broward International University
In summary, the HR Webinar "Growing Trends of New and Creative Benefits" led by Aaron Tandy and featuring speakers Cynthia Borkoski and Manny Fernandez focused on the evolving landscape of employee benefits. It emphasized the importance of expanding the definition of benefits to include lifestyle factors such as mental health, education, and maternity leave. The webinar also highlighted the significance of comprehensive support in attracting and retaining talent, as well as the connection between employee well-being and productivity.
