{"id":257010,"date":"2025-03-11T22:29:10","date_gmt":"2025-03-11T22:29:10","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/11\/companies-rework-employee-benefits-to-meet-diverse-needs-report-the-times-of-india\/"},"modified":"2025-03-11T22:29:10","modified_gmt":"2025-03-11T22:29:10","slug":"companies-rework-employee-benefits-to-meet-diverse-needs-report-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/11\/companies-rework-employee-benefits-to-meet-diverse-needs-report-the-times-of-india\/","title":{"rendered":"Companies rework employee benefits to meet diverse needs: Report &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/msid-118904901,imgsize-16464,width-400,resizemode-4\/118904901.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Companies rework employee benefits to meet diverse needs: Report &#8211; The Times of India\" title=\"Companies rework employee benefits to meet diverse needs: Report &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: With India\u2019s workforce undergoing rapid transformation, organisations are re-imagining <!-- -->employee benefits<!-- --> to meet diverse needs and secure top talent. Companies are increasingly adopting innovative solutions, including flexible <!-- -->health insurance plans<!-- -->, <!-- -->mental health support<!-- -->, and diversity, equity, and inclusion (DEI) initiatives to create a more supportive workplace.<br \/>Over past five years, there has been a 300% surge in companies offering flexible health insurance plans, with focus on parents, siblings cover and wellness programmes and financial planning tools, \u2018The Future of Benefits 2024\u2019 report by Mercer Marsh Benefits said.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><img decoding=\"async\" alt=\"Cos rework employee benefits to meet diverse needs: Report\" msid=\"118904845\" width=\"600\" title=\"Security talent\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/83033472.cms\" imgsize=\"23456\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-118904845,width-600,resizemode-4\/118904845.jpg\" data-api-prerender=\"true\"\/><\/p>\n<p>Security talent<\/p>\n<\/div>\n<\/div>\n<p>Employees are demanding greater autonomy in choosing benefits, leading to increased adoption of customisable insurance and wellness programs. The BFSI sector provides the highest sum insured, followed by pharma and IT\/ITES\/ecom. Further, the IT\/ITES\/ ecom sector stands out by offering ESCP (employee, spouse, children, parents\/in laws) at 73% as a default inclusion, followed by pharma at 64% and manufacturing at 54%, it adds.<br \/>The report reflects analysis across 14 industries, over 10,000 policies and over 600 benefit evaluations. Employer sponsorship for <!-- -->parental insurance<!-- --> rose from 35% in 2019 to 53% in 2024, making it a key benefit for <!-- -->employee retention<!-- --> and well-being. In India, absence of social security system coupled with differential compensation, drives need to cover parents under employee benefit programmes.<br \/>Prawal Kalita, MD, Mercer Marsh Benefits India Leader said, \u201cEmployee benefits are no longer just about healthcare coverage. They are evolving into holistic well-being solutions.\u201d<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Companies are increasingly adopting innovative solutions, including flexible health insurance plans, mental health support, and diversity, equity, and inclusion (DEI) initiatives to create a more supportive workplace.Over past five years, there has been a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":257011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-118904901,imgsize-16464,width-400,resizemode-4\/118904901.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[3059,289,771,198461,1279,2613,74536,198460,198459,48705,273,2485,111192,198458,61,90257,272,198457,109902],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257010"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=257010"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257010\/revisions"}],"predecessor-version":[{"id":257012,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257010\/revisions\/257012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/257011"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=257010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=257010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=257010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}