Family benefits for finance and banking in 2023: HR leaders weigh in

2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

2023 is the year of
family benefits

With more than 70% of employers anticipating employee health benefits to get more expensive in 2023, HR teams are being asked to make tough calls on budgets, benefits, and even headcounts. But with a market for finance and banking talent that’s hotter than ever, how can HR teams provide attractive family benefits packages with tightening belts and shrinking budgets? We surveyed 100 HR leaders to find out how they’re navigating family benefits in 2023.

Family benefits are more important than ever

HR leaders are firm in their commitment to supporting family building in the workplace, especially as it relates to talent acquisition and DE&I efforts

91%

Dicen que los beneficios familiares son igual de importantes, si no más, en tiempos de incertidumbre.


79%

planean mantener o aumentar su gasto en beneficios familiares

92%

Dicen que mantendrán o aumentarán el número de beneficios familiares ofrecidos


2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

Focus on the outcomes first

Rather than thinking about short-term cost reductions, HR leaders are thinking long-term about healthcare costs, and especially the rising costs associated with labor, delivery, and childcare.

25%

Los líderes de RRHH dicen que los resultados clínicos son la principal prioridad para un programa de beneficios familiares, mientras que el ROI ocupa el sexto lugar entre otras opciones.

El retorno de la inversión (ROI) en beneficios, especialmente en los beneficios de salud familiar, no se produce de inmediato. Si su empresa puede brindar más ayuda, verá los resultados a largo plazo.

Gerente de recursos humanos en una solución líder en gestión de capital

Vicepresidente de Recursos Humanos en una empresa de capital de riesgo

Mi objetivo es tener equipos felices, saludables y de alto rendimiento. Si me encargo de la felicidad y la salud, sé que mis empleados se encargarán de la productividad.

2023 Top Trends in Family Benefits Report Finance

Comprehensive benefits provide a better employee experience

2023 Top Trends in Family Benefits Report Finance

33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

14%

say they were adding support for menopause, which impacts more than 27 million working women each year

20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

36%

say they plan to add or expand mental health services as a part of their family benefits package

80% of respondents said they only work with one to three family benefits vendors, suggesting a desire to consolidate towards more comprehensive solutions.

2023 Top Trends in Family Benefits Report Finance


Family benefits for finance and banking in 2023: HR leaders weigh in

2023 Top Trends in Family Benefits Report Finance

2023 is the year of
family benefits

With more than 70% of employers anticipating employee health benefits to get more expensive in 2023, HR teams are being asked to make tough calls on budgets, benefits, and even headcounts. But with a market for finance and banking talent that’s hotter than ever, how can HR teams provide attractive family benefits packages with tightening belts and shrinking budgets? We surveyed 100 HR leaders to find out how they’re navigating family benefits in 2023.

El retorno de la inversión (ROI) en beneficios, especialmente en los beneficios de salud familiar, no se produce de inmediato. Si su empresa puede brindar más ayuda, verá los resultados a largo plazo.

Gerente de recursos humanos en una solución líder en gestión de capital

2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

Focus on the outcomes first

Rather than thinking about short-term cost reductions, HR leaders are thinking long-term about healthcare costs, and especially the rising costs associated with labor, delivery, and childcare.

25%

Los líderes de RRHH dicen que los resultados clínicos son la principal prioridad para un programa de beneficios familiares, mientras que el ROI ocupa el sexto lugar entre otras opciones.

Family benefits are more important than ever

HR leaders are firm in their commitment to supporting family building in the workplace, especially as it relates to talent acquisition and DE&I efforts

2023 Top Trends in Family Benefits Report Finance

No items found.

Mi objetivo es tener equipos felices, saludables y de alto rendimiento. Si me encargo de la felicidad y la salud, sé que mis empleados se encargarán de la productividad.

Vicepresidente de Recursos Humanos en una empresa de capital de riesgo

icon maternity
33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

icon parenting
20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

icon fertility
14%

say they were adding support for menopause, which impacts more than 27 million working women each year

icon medical
36%

say they plan to add or expand mental health services as a part of their family benefits package

icon global

2023 Top Trends in Family Benefits Report Finance

Comprehensive benefits provide a better employee experience

2023 Top Trends in Family Benefits Report Finance

33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

14%

say they were adding support for menopause, which impacts more than 27 million working women each year

20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

36%

say they plan to add or expand mental health services as a part of their family benefits package

80% of respondents said they only work with one to three family benefits vendors, suggesting a desire to consolidate towards more comprehensive solutions.

2023 Top Trends in Family Benefits Report Finance


Family benefits for finance and banking in 2023: HR leaders weigh in

2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

2023 is the year of
family benefits

With more than 70% of employers anticipating employee health benefits to get more expensive in 2023, HR teams are being asked to make tough calls on budgets, benefits, and even headcounts. But with a market for finance and banking talent that’s hotter than ever, how can HR teams provide attractive family benefits packages with tightening belts and shrinking budgets? We surveyed 100 HR leaders to find out how they’re navigating family benefits in 2023.

Family benefits are more important than ever

HR leaders are firm in their commitment to supporting family building in the workplace, especially as it relates to talent acquisition and DE&I efforts

91%

Dicen que los beneficios familiares son igual de importantes, si no más, en tiempos de incertidumbre.


79%

planean mantener o aumentar su gasto en beneficios familiares

92%

Dicen que mantendrán o aumentarán el número de beneficios familiares ofrecidos


2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

Focus on the outcomes first

Rather than thinking about short-term cost reductions, HR leaders are thinking long-term about healthcare costs, and especially the rising costs associated with labor, delivery, and childcare.

25%

Los líderes de RRHH dicen que los resultados clínicos son la principal prioridad para un programa de beneficios familiares, mientras que el ROI ocupa el sexto lugar entre otras opciones.

El retorno de la inversión (ROI) en beneficios, especialmente en los beneficios de salud familiar, no se produce de inmediato. Si su empresa puede brindar más ayuda, verá los resultados a largo plazo.

Gerente de recursos humanos en una solución líder en gestión de capital

Mi objetivo es tener equipos felices, saludables y de alto rendimiento. Si me encargo de la felicidad y la salud, sé que mis empleados se encargarán de la productividad.

Vicepresidente de Recursos Humanos en una empresa de capital de riesgo

2023 Top Trends in Family Benefits Report Finance

Comprehensive benefits provide a better employee experience

2023 Top Trends in Family Benefits Report Finance

33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

14%

say they were adding support for menopause, which impacts more than 27 million working women each year

20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

36%

say they plan to add or expand mental health services as a part of their family benefits package

80% of respondents said they only work with one to three family benefits vendors, suggesting a desire to consolidate towards more comprehensive solutions.

2023 Top Trends in Family Benefits Report Finance


Family benefits for finance and banking in 2023: HR leaders weigh in

Read Report
2023 Top Trends in Family Benefits Report Finance

2023 is the year of
family benefits

With more than 70% of employers anticipating employee health benefits to get more expensive in 2023, HR teams are being asked to make tough calls on budgets, benefits, and even headcounts. But with a market for finance and banking talent that’s hotter than ever, how can HR teams provide attractive family benefits packages with tightening belts and shrinking budgets? We surveyed 100 HR leaders to find out how they’re navigating family benefits in 2023.

El retorno de la inversión (ROI) en beneficios, especialmente en los beneficios de salud familiar, no se produce de inmediato. Si su empresa puede brindar más ayuda, verá los resultados a largo plazo.

Gerente de recursos humanos en una solución líder en gestión de capital

2023 Top Trends in Family Benefits Report Finance
2023 Top Trends in Family Benefits Report Finance

Focus on the outcomes first

Rather than thinking about short-term cost reductions, HR leaders are thinking long-term about healthcare costs, and especially the rising costs associated with labor, delivery, and childcare.

25%

Los líderes de RRHH dicen que los resultados clínicos son la principal prioridad para un programa de beneficios familiares, mientras que el ROI ocupa el sexto lugar entre otras opciones.

Family benefits are more important than ever

HR leaders are firm in their commitment to supporting family building in the workplace, especially as it relates to talent acquisition and DE&I efforts

2023 Top Trends in Family Benefits Report Finance

No items found.

Mi objetivo es tener equipos felices, saludables y de alto rendimiento. Si me encargo de la felicidad y la salud, sé que mis empleados se encargarán de la productividad.

Vicepresidente de Recursos Humanos en una empresa de capital de riesgo

icon maternity
33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

icon parenting
20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

icon fertility
14%

say they were adding support for menopause, which impacts more than 27 million working women each year

icon medical
36%

say they plan to add or expand mental health services as a part of their family benefits package

icon global

2023 Top Trends in Family Benefits Report Finance

Comprehensive benefits provide a better employee experience

2023 Top Trends in Family Benefits Report Finance

33%

of HR leaders say they’re planning to expand their fertility coverage through reimbursements, insurance, or enhanced support

14%

say they were adding support for menopause, which impacts more than 27 million working women each year

20%

say they increased support for parenting and pediatrics, and another 20% added maternity support

36%

say they plan to add or expand mental health services as a part of their family benefits package

80% of respondents said they only work with one to three family benefits vendors, suggesting a desire to consolidate towards more comprehensive solutions.

2023 Top Trends in Family Benefits Report Finance