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Creative Employee Perks: How Employers Can Differentiate by Offering Lifestyle Benefits (SOCT)
We will explore Lifestyle Spending Accounts as a solution to your unique challenges and goals. You’ll hear from Eric Pomroy (Business Deveopment Executive, OneDigital) and Megan Burns (Benefits Strategist, Forma) as they discuss how companies are getting creative with structuring programs unique to their needs. You’ll walk away with benchmarking, survey data and client case studies to showcase how meaningful these programs are and why employees appreciate these types of flexible benefits.
Lifestyle Spending Accounts (LSAs) are becoming increasingly more popular in today’s benefits landscape. Many employers face similar challenges related to attraction/retention, burnout, employee belonging and finding the right benefits to fit the needs of a diverse, multi-generational workforce spread across the country. On top of that, employers are trying to solve specific needs with limited budgets and administrative support. Employers are re-thinking the traditional point solution approach that has historically had low utilization, employee engagement and high administrative requirements. Employers are leaning into Lifestyle Spending Account vendors who can offer a broader program in nature to meet diverse employee’s needs. Lifestyle Spending Accounts offer a flexible approach by giving employee choice which results in higher engagement, less administration for HR and a return on investment (ROI)!
