Sequoia’s Employee Experience Benchmarking Report Reveals Evolution of Employee Benefits as Workforce Needs Shift
Sequoia Consulting Group, a tech-enabled consulting and services company, announced the findings from its 2021 Employee Experience Benchmarking Report, which offers the most comprehensive benefits and employee experience insights from leading people-first companies. With more than 1,000 data points on topics such as global healthcare benefits, people policies, diversity, equity and inclusion, and talent practices, the Employee Experience Benchmarking Report helps companies assess and compare their benefits and people strategies to unlock improved performance.
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This year’s report illustrates a trend toward increased value in family-planning options, mental health solutions, additional paid holidays, and enhanced retirement benefits. While the report typically examines similar benefits and employee experience trends from the previous year, this year’s report includes an expanded section on diversity, equity and inclusion (DEI). The impact of the global pandemic and racial injustice awareness created new challenges and opportunities for employers to evolve their employee experience. Companies are investing resources in DEI programming at record levels to meet employee expectations as the most diverse generations in history (Millennials and Gen Z) quickly fill up the workforce.
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“People-driven companies seek this data as a way to evaluate how they compare to their peers,” said Michele Floriani, Chief Marketing Officer at Sequoia. “Beyond providing the report, our Sequoia consultants work one-on-one with our clients to analyze the information that is most relevant to them and shape their benefit programs and HR policies to stay competitive for talent.”