Employee Benefits Programs Seeing More Innovation From Tech-Based Suppliers

There is plenty of discussion on the transformation of employee health benefits programs through technology. What can suppliers bring to the table to create superior value?
— By James Hsu

In any endeavor, it makes sense to learn from the people and companies that achieve excellence. Pinterest is such a company. The company collaborated with Lyra to develop a mental health program for employees, and the outcomes have been excellent. One of the important features that makes this effort so noteworthy is that is starts with what employees need rather than what the employer wanted to offer. One of the reasons many companies have expensive underutilized programs is because they are not built on employee needs but rather on what the employer thinks they need. The Pinterest experience in establishing an effective mental health benefits program offers suppliers a path for developing products and services in the employee benefits arena that meet the needs of ...

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