Regarding the benefits employees seek in 2024, flexibility and personalization are taking center stage. Top-ranking perks will include—
- Flexible spending accounts
- Flexible work arrangements
- Customizable retirement plans
- Convertible paid time off
- Broader medical coverage, including coverage for domestic partners
- Wellness programs with many diverse options
- Expanded leave
- Personalized learning and development opportunities
Mental health concerns will continue to be a challenge for many employees battling stress and various mental health-related symptoms that rob them of motivation and focus on the job. Exacerbated by economic concerns and personal financial stress, these conditions and symptoms impact workplace productivity and wreak havoc with company morale and retention rates.
Companies that demonstrate an awareness of the rise in mental health issues and who execute on prioritizing the mental health of their employees will have an advantage over employers who turn a blind eye to the realities of impacting today’s workforce.
Employees will likely prioritize perks such as—
- Availability of specialized mental health treatment from chosen vendors
- Meditation and mindfulness resources
- Expanded assistance programs that address burnout and a variety of mental health challenges
- Virtual therapy sessions
- Managers trained to recognize employee behavioral issues
- Expansion of overall mental health service offerings
- Programs that build resiliency and improve coping strategies
