Employers are increasingly broadening their scope of employee benefits offerings to meet the changing demands of their workforce, according to the “2018 Inventory of Total Rewards Programs & Practices,” a study of more than 1,000 organizations conducted by WorldatWork with underwriting support from Korn Ferry.
Elder-care resource and referral services, women advancement initiatives and disaster relief funds are among the benefits that had statistically significant increases from 2017 to 2018. In addition, telemedicine offerings, identity theft insurance, unpaid sabbaticals and paid parental leave also saw increased participation in 2018.
The study also found that some benefits that have increasingly been in the headlines are not being adopted quickly by organizations. Only 9% of respondents say they offer an unlimited paid time off (PTO) program, and only 6% of the respondents say they offer college debt repayment programs.