
By Rose Miller
As fall and winter approach, employers will not only have to plan for the on-going pandemic, but they must also address the challenges faced by working parents, a stressed workforce, decisions involving onsite versus a remote workforce and possibly shutting down again.
These decisions involve creating comprehensive and legally compliant policies and procedures.
It is also a time for employers to think about a comprehensive approach to its company’s benefits. Like every aspect of the business, employers need to assess how the pandemic has impacted their entire benefit offering. They need to also consider how new federal and state mandated leaves interplay with paid time off policies and insurance benefits. Based on their findings, they may want to revise what type of benefits are critical to both the company and its employees.
According to the annual MetLife Benefit Trends Survey for 2020, generational demographics show a glimpse on how businesses should revise their benefit offerings and possibly reallocate funds to better meet employee needs.