This year, there are many new employee benefit trends to be aware of. Employees want more flexibility over their work schedules, and they want to maintain a healthy work-life balance. Employees are currently grappling with various pressures, including financial strains, the challenge of sustaining a balanced work-life dynamic, and the need to meet professional objectives. 

For this new year, there is pressure for businesses to stand out by offering competitive benefits. Jobseekers are looking for companies that will help take some of the burdens and stresses off of them by offering unique benefits. Employees also want competitive benefits and employers who offer them will see they help increase their loyalty to a company.   

Here are four employee benefit trends this year:  

Remote and flexible work options 

51% of employees want to work fully remote and 94% want flexible scheduling. If an employee can easily perform their role from home, consider allowing them to work hybrid or fully remote. Employees working remotely are shown to have increased retention, a better work-life balance, decreased turnover, and improved health 

If fully remote or hybrid work is not an option for your company, then consider allowing flexible schedules. For example, provide your employees with flexibility regarding their arrival and departure times at the office. If an employee communicates about a personal commitment they have during work hours, consider being flexible and allowing them to leave work to tend to that commitment.  

Workplace culture  

Employees seek a positive and comfortable workplace culture. A positive workplace culture includes diversity, open communication, respect, inclusion, job security, and recognition. 88% of employees say that a healthy workplace culture is vital for their success and 86% of employees say they avoid companies with a bad reputation.  

It is important for employers to prioritize creating a positive environment for their employees to increase both attraction and retention 

Inclusive paid leave policies 

Around 80% of U.S. workers do not have access to paid leave. This means when employees have a baby, get sick, or need to care for an ill parent or child, they are unable to take off work without risking their income.  

To help attract and retain employees, we recommend that you offer your employees paid leave. Consider offering paid maternity leave and bereavement leave to your employees to give them personal time off of work without stressing about not being paid.  

Employee development  

When companies are willing to invest in the personal lives of their employees, it shows that they genuinely care about their employees’ success both inside and outside of the office. One way that employers can demonstrate this is to offer a tuition reimbursement program. This allows employees to work towards a degree without the financial stress of paying off loans and tuition costs.  

One way to help your employee’s development inside of the office is to provide professional development opportunities. Create promotion plans, provide on-site training, and offer mentorship programs to help increase your employees’ work development.  

There are many new employee benefit trends for this new year, but these are the most vital to employees. Consider implementing these benefits in your company to stay competitive and keep your employees satisfied.