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How will employers approach offering benefits five years from now?

Summary

The workplace benefits industry is changing rapidly, with shifting labor force dynamics, an evolving benefits distribution ecosystem, increased reliance on technology, and repercussions of the COVID-19 pandemic all prompting employers to reevaluate their benefits strategies. How do employers expect to change their approaches to offering benefits in the next five years? To explore this question, LIMRA partnered with EY to survey over 800 U.S. employers in summer 2021. Employers revealed:

  • How they expect to modify their benefits packages
  • Which benefits they think employees will be most interested in five years from now
  • Expectations for the future of enrollment
  • Demand for benefits technology and digital capabilities
  • How the role of the broker may evolve

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