What Are Some Employment Benefits You Should Consider in the Post-pandemic Era?

What Are Some Employment Benefits You Should Consider in the Post-pandemic Era

The definition of employee benefits is changing post-COVID. Here’s what you need to know to retain your employees amidst these changing times.

As our places and styles of work change, employee benefits need to change accordingly. All through 2020, companies have had to operate virtually, and some have even decided to never go back to working from the office ever again. Around 30% of people across the world work fully remotely as of last year. 

Today, most employees consider benefit plans a crucial part of their compensation. According to a survey conducted by Prudential Group Insurance, the percentage of employees who value their benefit plans has gone up from 67% to 77% in the past year. With that in mind, let’s look at some benefits that employees might need in the post-pandemic world.

Paid time off (PTO)

One of the core concerns emerging from the pandemic is employee burnout. While the new hybrid and work-from-home models might seem to provide more flexibility to employees, they also throw work-life balance up for a toss. Almost half of the people returning to in-office jobs post-pandemic foresee that it will have a negative impact on their mental health.

As a response to this concern, companies have been encouraging their employees to take time off for their mental well-being. Top companies, like Nike, LinkedIn, Bumble and HootSuite, have all given workers time off to disconnect and de-stress. 

Wellness benefits for the remote workforce

Even before the pandemic, there were a lot of workplaces that offered health club memberships or access to the company’s gym to their employees. However, the new work-from-home and hybrid work models have made it impossible for employees to access such resources. 

Such work models make it pertinent to rethink how health and wellness resources can be provided to employees. Shifting in-person health clubs or gym memberships over to the digital realm can help companies provide wellness benefits for their remote workers. To this effect, exercise equipment company Peloton has begun offering a corporate wellness program. Companies like Samsung and Wayfair have been first in line to join this program. 

Incorporating time for caregiving into employees’ schedules

The pandemic has turned a large chunk of the workforce into caregivers, be it for children or the elderly. This has made the task of balancing work and personal life even harder. According to a study conducted by the Integrated Benefits Institute, caregiving employees are more likely to need a leave but not take it when compared to their non-caregiving co-workers. This means that even though we expect caregivers to take leave, they often end up being the ones shying away from it. 

With the pandemic adding to people’s caregiving burdens, employers need to consider how they can ease the additional responsibilities that employees now have. The U.S.-based recruitment firm, Robert Half, says that post-COVID, 43% of employers have begun offering additional family leave to their employees and 37% now provide childcare assistance programs. 

Employees are a key asset to any company. It is thus important to reassess employment benefits to maintain the physical and mental wellbeing of employees. A mentally and physically fit team will not only be more efficient but will also be more capable of handling future challenges that their company might face.

Header image courtesy of Unsplash 

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Are There More Layoffs Coming in 2024?

Even as we kick off the new year, the horrors of the year past are not behind us. In 2023, major tech companies undertook big layoffs—in January last year, Google reduced its headcount by 6% (it also recently hinted at a fresh round of layoffs this year); in December 2023, Spotify laid off 17% of its staff and more companies gave out pink slips. This trend has been ongoing for a couple of years since the pandemic shook global markets.

GuideGeek Expands to Facebook Messenger to Offer Personalized Travel Tips

GuideGeek, Matador Network’s AI travel assistant powered by OpenAI, is now accessible to Facebook Messenger users, expanding its reach beyond WhatsApp and Instagram. This move aims to place GuideGeek in the hands of more travelers globally, offering instant, personalized travel tips at no cost.

Elon Musk’s Neuralink Debuts Brain Chip Implant: A Bold Future with Ethical Questions

Elon Musk’s Neuralink is back in the spotlight with a major update: they’ve put a brain chip, called the Link, into a human for the first time. This small device has set its sights on monumental goals, such as helping people who’ve lost their limb functionality. Musk’s big dream doesn’t stop there—he wants the chip to boost our brains, improve our memory and eventually blend the human mind with artificial intelligence (AI).

Mercedes-Benz Launches the New Luxurious CLE Cabriolet

Mercedes-Benz has launched the CLE Cabriolet, building on its heritage of creating four-seater convertible vehicles. This new addition is characterized by its expressive design, advanced technology, and high-quality features, ensuring an enhanced driving experience. The model, which evolves from the CLE Coupé, stands out with its traditional fabric acoustic soft top and distinct high-quality details, making it uniquely positioned in the market. Designed to offer dynamic performance alongside exceptional daily comfort, the CLE Cabriolet supports year-round open-air enjoyment.

4 Companies Reusing Coffee Husk for Eco-Friendly Innovations

A daily cup of coffee is more than just a morning ritual—it’s a powerhouse of energy and health benefits. Beyond keeping you alert, coffee supports brain health, maintains liver function and may even lower the risk of depression. However, the journey of coffee from plantation to mug involves an energy-intensive process that produces significant waste, particularly coffee husks.