Voluntary benefits can beef up total rewards

Low-cost option for employers can bring huge benefits for staff
By Daphne Woolf
|CHRR, Report on Total Rewards|Last Updated: 09/14/2006

Employees have great expectations of employers. For starters they want to be paid appropriately, but they also want to be respected as individuals, to be provided with the right tools and support to do their jobs well, and they want responsibility, authority and recognition.

But meeting these expectations can be difficult because different employees define them in different ways as their needs change over time.

Employees want personalized benefits to provide adequate coverage as they move through the different stages of life, and they expect individualized products and services that complement a traditional group insurance program. For this reason, employers have introduced more flexibility to benefit offerings.