Articles | March 14, 2023

How Employee Benefit Programs Can Support Your DEI Efforts

Your organization has prioritized diversity, equity and inclusion (DEI) because there are many advantages of having a diverse workforce, including increasing profits, improving productivity, attracting new customers and outperforming nondiverse peers.

Given the importance of DEI, make sure your employee benefit programs are supporting your DEI efforts.

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In an article recently published in the First Quarter 2023 issue of Benefits Quarterly, we discuss two aspects of benefits programs that can reflect an employer’s commitment to DEI: employee choice and benefits equity.

Connecting benefits and DEI

To look at benefits through a DEI lens, consider:

  • Your data on the workforce and patterns of benefit use
  • Employee feedback
  • Social determinants of health and financial well-being

We note five questions employers can ask during this investigative process to glean valuable insights.

To maximize the value of benefits provided to employees, consider developing a distinct DEI-based strategy for each key program area with independent objectives that are tied to project actions and outcome measures.

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Get a copy of the article, with permission from the International Society of Certified Employee Benefit Specialists, which publishes Benefits Quarterly.

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Interested making DEI part of your employee benefits DNA?

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.