As spring approaches, businesses often take the opportunity to refresh their strategies and assess what’s working—and what’s not. One area that deserves a thorough review is your employee benefits package. Are your offerings still competitive in today’s evolving job market? At Andres O’Neil & Lowe, we help businesses navigate the complex world of employee benefits, ensuring their packages attract and retain top talent while staying cost-effective.
Why an Employee Benefits Audit Matters
Employee expectations are shifting. From flexible work arrangements to enhanced mental health support, today’s workforce values benefits that go beyond traditional health insurance and retirement plans. A periodic review of your offerings ensures that you remain competitive and aligned with employee needs.
Key Areas to Evaluate in Your Benefits Package
1. Health & Wellness Benefits
Healthcare remains a cornerstone of any benefits package, but are you offering the right mix? Consider evaluating:
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Group Health Insurance plan options (PPO, HMO, HDHP with HSA/FSA options)
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Telemedicine and mental health support services
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Wellness programs, gym reimbursements, and employee assistance programs (EAPs)
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Preventive care incentives and chronic condition management programs
2. Retirement Plans & Financial Wellness
A strong financial future is a priority for employees. Ensure your benefits support financial wellness with:
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Competitive 401(k) or IRA options with employer contributions
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Financial planning resources or access to financial advisors
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Student loan assistance or tuition reimbursement programs
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Emergency savings programs and payroll-deducted savings plans
3. Paid Time Off & Leave Policies
Work-life balance is a significant factor in job satisfaction. Review your:
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PTO policies and whether they align with industry standards
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Parental leave and family-friendly benefits
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Flexible work arrangements, such as remote work options
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Volunteer time off (VTO) or sabbatical programs
4. Workplace Flexibility & Hybrid Work Support
With hybrid and remote work models becoming the norm, evaluate:
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Stipends for home office equipment or coworking spaces
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Flexible scheduling policies to accommodate work-life balance
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Digital wellness resources to support remote employees
5. New & Emerging Benefits
Innovative benefits can set your company apart. Consider:
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Pet insurance or pet-friendly workplace policies
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Fertility benefits and family-building support
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Commuter benefits and sustainability incentives
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Employee recognition programs and professional development stipends
How to Get Started
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Survey Your Employees – Gather feedback on what benefits they value most and identify gaps in your current offerings.
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Benchmark Against Industry Trends – Compare your package to competitors to ensure you’re staying ahead.
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Work with an Expert – At Andres O’Neil & Lowe, we specialize in customizing benefits solutions to align with your company’s goals and budget.
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Communicate Updates Clearly – Ensure employees understand and take full advantage of available benefits.
Stay Competitive in 2025 and Beyond
Refreshing your benefits package isn’t just about keeping up—it’s about standing out. A thoughtful, well-rounded approach to employee benefits can boost retention, enhance employee satisfaction, and strengthen your company’s reputation.
Don’t let outdated benefits hold your business back. Contact us today to schedule a benefits review and take the next step toward a stronger, more competitive workforce.
