Employee Benefit News August 30, 2024
Managing benefits can be exhausting.
There is an immense amount of legal-sounding text to digest for health and life insurance plans. And even after reviewing that, employees may still be left wondering what the policies will actually cover. Then there could be additional benefits, such as identity theft protection or pet insurance, that workers must wade through and decide if they are necessary.
But there is hope that technological changes will lighten this burden,and companies are working to make that happen by investing heavily in their benefits technology. Forty-five percent of companies increased their HR tech investments in 2023, according to Mercer Marsh Benefits, a global benefits management company.
To offer a closer look at the potential...
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