Two years ago, the SHRM Employee Benefits Survey, which offers a comprehensive view of the support employers offer employees, listed some 175 available benefits.
In 2024, that number rose to 216—a 23% increase.
“There is a huge amount of different benefits employers can provide now, and more new ideas come up all the time,” says Daniel Stunes, manager of data monetization with SHRM Data and Insights.
There are the mainstay benefits, of course—health care offerings, retirement options, and paid time off. There are also education benefits, financial benefits, volunteering benefits, and family care benefits, which have become more popular in recent years.
Then, there’s the growing number of niche benefits. Think menopause support and grandparent leave, both of which made their first appearance in SHRM’s survey in 2024.
With so many benefits now on the table, employers have a big decision to make: which of these dozens of perks to offer their workers.
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With Hundreds of Benefits Now in the Mix, How Can Employers Decide What to Offer?
SHRM | Aug 2024
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