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Article: Employees' choice: voluntary benefits cost employers virtually nothing while they help workers round out their benefits selections.(Compensation & Benefits Agenda)
- Article from:
- HRMagazine
- Article date:
- February 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Society for Human Resource Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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They don't make the "A list" of company-sponsored benefits, but they're getting more and more attention. They're called voluntary benefits, and, although they're not on a par with health coverage or retirement programs, they're increasingly being added to employers' menus of employee benefits.
Burgeoning sales figures and projections show that voluntary-benefits products, which employers make available and employees pay for, are seen as a cost-effective tactic for enriching a company's offerings for employees. And the time is right to provide employees more benefits options because many workers are having to shoulder more of their health coverage costs and may ...