What would you like to know
- Many employers wish to expand the range of benefits they offer.
- Having the right mix of benefits can help set the tone for an employer.
- A menu of products paid for on a voluntary basis can make it easier to personalize benefits for employees.
Employees are restless and looking for work again after more than a year of feeling stuck. The resignation rate, which measures the number of employees leaving the company of their own free will, reached a record level in April 2021, according to the Bureau of Labor Statistics.
As the competition for talent grows fiercer, employers are stepping up their game to attract and retain the right talent. Employee benefit packages are a focal point. After a year of making employee health and safety a top priority, employers are now taking a closer look at how they support the overall well-being of their workforce in the future.
How are things changing? The latest from MetLife US Employee Benefits Trends Study found that 66% of employers have plans to expand the range of employee paid benefits, or voluntary benefits, that they offer; and 75% plan to offer more personalization of benefits.
According to the MetLife study, establishing the right mix of benefits sets a certain tone: When benefits meet the needs of employees, they are more likely to have confidence in their employer’s leadership and feel more resilient. These factors can strongly influence how someone thinks about their work.
Additionally, employees increasingly want the ability to personalize their benefits. Voluntary benefits such as vision and dental care are a great opportunity for employers to demonstrate their commitment to employee well-being, while allowing employees to select the benefits that best suit their needs.
The range of voluntary offers is wide, but one of the most attractive is vision insurance. Its potential impact on overall health deserves further consideration.
A window on your health
Vision problems are among the Top 10 disabilities among adults 18 and older and its economic impact in the United States is enormous, totaling billions of dollars per year. One of the most common causes of blindness is diabetes; yet as much as 9 out of 10 blindness caused by diabetes could be prevented with early detection and treatment.
Special attention to eye health is imperative at this time, after a year in which many people have pushed back on routine eye and wellness appointments. About 93 million American adults are at high risk for severe vision loss, but only half of American adults have seen an eye doctor in the past 12 months.
Routine eye examinations are essential for the prevention and early detection of disease; If conditions like glaucoma or diabetic retinopathy are detected early enough, it can help stop disease progression or vision loss.