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Small Business Employee Benefits and HR Blog

5 Employee Benefit Trends to Watch in 2016

Hundreds of different types of benefits are offered to workers by different employers. According to a recent survey from the Society for Human Resource Management, 35% of HR people said their employer was offering more benefits in 2015 than in 2014.  The survey identifies several employee benefits trends we should all watch in 2016.

Employee Benefit Trends to Watch

1. Employee Health Benefits

According to the survey, the following employee health benefits are increasing in use:

  • Health Savings Accounts (HSAs) and contributions to HSAs

  • Mental health care coverage

  • Contraception coverage

  • Vision insurance and laser surgery

Flexible Spending Accounts (FSAs) are  decreasing in use.

2. Employee Wellness Benefits

According to the survey, the following employee wellness benefits are increasing in use:

  • Health and lifestyle coaching

  • Smoking and cessation programs

  • Premium discount for health risk assessment

On-site stress reduction and nap rooms are decreasing in use.

3. Employee Retirement Benefits

According to the survey, the following employee retirements benefits are increasing in use:

  • Roth 401(k)s

  • One-on-one investment advice

Defined contribution plan loans are decreasing in use.

4. Employee Financial Benefits

According to the survey, the following employee financial benefits are increasing in use:

  • Spot bonuses

  • Nonexec signing bonuses

  • Donations for charity events

Auto-subsidy, credit unions and payroll advances are decreasing in use.

5. Employee Service Benefits

According to the survey, the following employee service benefits are increasing in use:

  • Pay cards

  • Shopping discounts

  • Pet insurance

Postal services, subsidized on-site cafeterias, and executive club memberships are decreasing in use.

 Do you agree or disagree with these employee benefit trends?

Want more information?

Click here for the full report.

Click here for the executive summary.

Click here for the infographic.

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