Diversity, Equity and Inclusion (DEI) has become an imperative for every organization. Offering benefits that meet the needs of a diverse workforce is key to attracting and retaining the right talent.
Many traditional benefit plans assume a linear life pattern, where an “average” employee gets married, buys a home, builds a family, and retires. As such, health, risk protection and wellbeing benefits do not meet the reality of a diverse workforce.
Firms must adapt strategies and introduce benefits that support all employees, including people of color, women, LGBTQ+ individuals, veterans, immigrants, and people with disabilities.
Define minimum standards
Create a long-term plan
Challenge the status quo