Question

What should benefits look like in the future? In addition to what has become employee must haves (insurance and retirement), what should firms offer? Explain why they should offer these benefits.

Answer 1

Explanation:

The future of benefits will be totally different from what is trending now for employees. The employee in future will ask for different benefits from current benefits they are enjoying.

- Future benefits will roam around health and wellness of employees as we can see that employees are having one or another issues regarding health and top firms are taking that into consideration changing working pattern to suit the health needs of employees. Mental health and wellness of employee will be vital for productivity and betterment of company.

- Insurance is must have for employees for now as health insurance is more expensive even after retirement and after retirement, retirement benefits will be crucial for employees. Retirement and insurance are two benefits that will help employees survive after retirement when you will be in situation to be dependent on others. Firm should have to offer both to employees.

- Insurance and retirement benefits are very essential to employees in time after retirement because there are more chances that person will need to depend on another if there is no retirement or insurance benefit for him and ending up spending saving if there is any. So in order to stop being dependent on another person, employer need to give these benefits to employees.