Beanstalk Benefits的动态

Beanstalk CEO Matthew Sydney closed the HealthCareTN Knoxville meeting today explaining the pivot point that’s been reached in employer-sponsored benefits: #HRTech, consumer desires, and industry shifts have aligned in ways that suggest a major shift in employers’ roles in Americans’ access to health and wellbeing resources.?The era of personalized #employeebenefits is here.? ? Key takeaways: ?? 1/3 of #HR leaders’ time is spent managing vendors because “employer-sponsored” has historically meant employer-prioritized, employer-selected and employer-subsidized. ?? “Sponsoring” in the true sense, though, would mean employers provide financial resources, but employees select what they need. ?? “Quiet needs” don’t always get the benefits attention “squeaky wheels” do. But 48% of employees say stress about debt causes sleep problems, 25% of working parents have a child with a mental health challenge, and 1 in 4 men reported binge drinking in the last month.? ?? Point solutions and benefits options have become hyper-specific because founders had needs that weren’t being met – so they created niche resources. There are over 14,000 now.? ?? Employers are often dissatisfied with the employee uptake and utilization of benefits. But consumers spent $480B on wellness in 2023. ?? This market suggests employees are trying and using other tools. They’re not disinterested or uninvested. They just might need something different than what employers are offering. ???? Industry shifts including a 57% rise in fractional role, a 29% increase in employers offering ICHRAs in 2024, and 70% of employers considering Lifestyle Spending Accounts are reshaping employer-employee relationships. ? We’re all more likely to use what we choose for ourselves. Industry shifts have now made personalization possible. The next evolution in employer-sponsored benefits will shift decision-making to employees. Thank you, HealthCareTN, for dedicating this event to Transformation through Personalization.

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Lesley Cika

Strategic partnerships | GTM & distribution strategy | Digital health, benefits & insurtech

1 周

Great insights on personalized and flexible benefits structure - love "they'll use what they choose".

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