Skip to main content
CommercialEmployee Benefit PlansInsuranceMiscellaneous

New Trend replaced Pay Increases with other benefits – Is your benefit offering keeping up with your employees demand?

By December 8, 2015May 20th, 2025No Comments

I recently read an article ” Shift from pay raises to benefit rewards requires ‘holistic approach’ to benefit design”, written by Melissa Wynn in the Employee Benefit Advisor December edition (pictured below).   The article captured my attention as it is makes reference to a new trend commonly seen in our benefits practice –  The shift from pay raises to other forms of creative compensation.   Other forms of compensation include (Health Insurance Plans, Deductible Buy-Back Plans, Dental Plans, Vision Plans, Employee Assistance Plans, Legal Benefit Plans, Vacations, etc.