Workers that receive benefits may notice some adjustments in 2024 and beyond. Some of the major factors behind it include workforce demand, the shift in the economy, and much more.
Employees and employers will need to stay ahead of the game in order to be aware of any changes that may arise when it comes to the laws, regulations, and policies that affect the workplace.
We will be discussing other worker benefits that might also be discussed at length now and in the near future – so let’s get right to it and talk more about everything you need to know.
An Expansion in Compensation Coverage
Workers’ compensation still remains a major component in protecting employees in the event of any injuries they suffer related to their duties. Of course, such compensation will be enough to cover any lost wages and medical care.
Injuries may not be the only thing that might be covered under workers’ compensation (especially in numerous jurisdictions). Mental health may also be covered under workers’ compensation due to the increased amounts of workplace stress.
For those who work in a remote setting, they may qualify for workers’ compensation in the event of any work-related injuries. To understand the four types of workers’ compensation benefits that are available to all workers, be sure to check out this guide and learn about what type of coverage you’ll get.
Greater Emphasis on Mental Health
Today, the focus and awareness on mental health is much stronger than ever before. As mentioned, workplace stress and mental health are connected to one another. Increased stress does indeed lead to deterioration of one’s mental health, leading to potential disorders if it remains unchecked.
As such, workers’ benefits could cover mental health – which includes coverage for counseling, treatment plans, related programs such as stress management, and paid mental health leave among others.
When someone isn’t in the right frame of mind, they may not have the ability to perform their work tasks accordingly. This could lead to a decrease in productivity. Mental health should be a workplace issue that should be treated as something where resources and support will be necessary.
Especially when over three-quarters of Americans have reported one symptom of a mental health condition they may be dealing with.
Better Family and Medical Leave
There is a massive demand increasing regarding family support. As a result, plenty of states and employers have considered or have already expanded benefits as outlined by the Family and Medical Leave Act (FMLA).
This will allow for paid family leave for caregivers while allowing employers to achieve a work-life balance that will be a fit for their needs. The federal government has yet to consider any measures of expanding FMLA on their own accord, but it may come as no surprise if such discussions happen in the future.
Temporary and Permanent Disability: What’s Being Done?
Temporary and permanent disability coverage are also critical for workers’ compensation. The adjustments that are being made include increased maximum payouts for those eligible for both programs.
This is believed to address the rising in living costs and ongoing inflation. As such, these programs will ensure that employees unable to work are compensated accordingly – albeit on a temporary or permanent basis (depending on their situation).
Some states are re-evaluating their disability policies to determine maximum payouts and other elements to ensure that those on temporary and permanent disability are compensated fairly.
Especially in a time when the cost of living is going up and questions are always raised about whether or not someone may make critical payments such as utilities and other services.
Final Thoughts
Worker benefits are slated to change in many ways in 2024 and beyond. Such compensation may no longer be exclusive to physical injuries considering the focus on mental health.
Nevertheless, employers and states are looking to expand employee protections in the event of certain work-related situations that may affect their physical and mental health alike.
As such, other benefits like family and medical leave may also see expansion over the next few years that may benefit employees.