Brokers See Major Shifts in Employee Benefits

Benefit Brokers see a fundamental change in their clients’ expectations about employee benefits, according to a survey by Sontiq. Employers are balancing the needs of a more remote workplace, which puts more focus on protecting employee privacy. Employers are also focused on keeping employees healthy and productive to a degree not seen before. 

Benefit brokers say their client’s top concerns are:

• 64% Employee wellness
• 64% Rising healthcare costs 
• 58% A competitive benefits package 
• 54% Identity theft protection
• 42% Data breaches, cyber threats, and other security issues (Fewer than half of brokers surveyed say they are ready to help their clients handle a data breach.)

Brokers say their clients are most concerned about the following when offering a new company-paid benefit:

• 57% Price per employee 
• 52% Value to employees 
• 23% Ease of enrollment