Pet insurance & chair yoga: Coming to an office near you
With little room in their budgets for significant raises or rich traditional benefits, more companies are looking to creative, low-cost perks to keep their workers happy.
The result has been a spike in voluntary benefits — benefits employees select and pay for through payroll deductions.
These perks are meant to show employees their company values them — as well as provide a greater work/life balance. However, the types of voluntary benefits being offered varies greatly from company to company.
Example: Some employers are sticking to more-traditional voluntary benefits — such as life insurance and adoption assistance programs — whereas, others prefer to offer unique perks like instructional videos on how to practice chair yoga.
One voluntary benefit that’s seen a huge uptick in popularity in recent years is pet insurance. A decade ago, you’d be hard-pressed to find more than a few companies that offered employees discounted health insurance coverage for their pets. Now there are more than 1,600 employers in the U.S. that offer pet insurance, including major corporations like S.C. Johnson, TD Bank and Travelocity.
Readers, what unique voluntary benefits does your company offer?
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
A new opinion letter looked at whether one company needed to add bonuses into its overtime calculations under federal law. The answer fr...
A restaurant chain has paid $618,666 in back wages to 779 employees and an additional $100,000 in penalties after the Department of Labor (...
A federal district court overturned the overtime rule that would have raised the minimum salary level for exempt employees on January 1, 20...
So is the long-predicted recession near — or here already? Depends on who you ask. The traditional bellwether of a recession, gros...
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surpris...
A new Connecticut law is about to add a documentation duty to your payroll to-do list. Effective Oct. 1, 2026, Public Act 26-12 will re...
