State of Benefits in the Workplace: An Update on Best Practices and Trends for 2014
1.25 HR Credit | Competencies: HR Expertise | Intended Audience: Mid-Level
This session provides an overview of common trends and best practices in the implementation of benefits across industries.
SHRM conducts a large-scale survey each year to examine benefits trends in the workplace. This survey is used to investigate how organizations are making use of the benefits in the workplace to enhance talent management strategies and the lives of their employees. During this survey, we capture trends in six major areas: 1) wellness initiatives, 2) flexible work arrangements, 3) health care benefits, 4) leveraging benefits for retention, 5) leveraging benefits for recruitment, and 6) communication of benefits and benefits enrollment. In 2013, we uncovered shifts in the way organizations are implementing wellness initiatives and using benefits to attract and retain talent. Finally, the most prevalent trends in benefits of different company sizes will be discussed.