By John Feeney, Vice President, Group Sales & Market Development, Renaissance Life & Health Insurance Company of America
Today’s job market looks drastically different than it did a decade ago. It’s increasingly competitive as the demand for talent grows. Life and work are more tightly connected, giving new value to flexibility, health and well-being. And as more employees and job seekers demand better pay and more customized benefits options, employers must find new ways to attract and retain top talent.
To do this, many employers are expanding their benefits offering to include voluntary benefits like dental, vision, life and disability coverage. Voluntary benefits allow employers to prioritize preventive care and financial wellness for their employees, while still being favorable to their organization’s bottom line. These benefits can be a win-win, and here are five surprising facts you may not know about voluntary benefits.