The pandemic has been a catalyst for employers to show how much they value their employees — to acknowledge their challenges and meet their needs accordingly. Many rose to the occasion, with 78% of workers saying that they felt their companies responded to the crisis appropriately.
However, understanding employees’ needs and creating strategies to meet those needs should be a constant practice, not something that is reactionary or occasional.
With HR departments bearing the brunt of the workload in executing staffing changes, new workplace procedures and a possible virtual open enrollment season, the administrative burden is a critical consideration. The challenge is to balance benefits programs that enhance employee well-being with budget and executional realities. Doing so means higher productivity and more success for businesses.
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PayFlex is a leading national administrator for health care accounts that complement employers' health care and wellness programs. It started in 1987 and now has over 30 years of experience providing account-based health care solutions.