Employers’ goals for voluntary benefits —increasingly a core component of any employer’s benefit package that allows employees to self-select from a menu of offerings, typically at reduced or increasingly no cost — have expanded dramatically since 2020.
According to Buck’s 2022 Wellbeing and Voluntary Benefits Survey, half of all employers (52%) have added offerings in the last two years as an affordable way to address diverse needs, reward employees and foster increased job satisfaction and engagement. More significantly, many employers (72%) plan to expand their voluntary benefits offerings.
