Today’s workforce is increasingly diverse, comprising part-time, temporary, full-time, and remote employees. The number of part-time workers has hit a record 22 million, according to the latest figures from the Department of Labor.

As a result, employers are adapting their benefits programs to cater to this diverse workforce, aiming to meet various objectives such as attracting and retaining talent, managing budgets, and providing quality, affordable health & wellness coverage. A one-size-fits-all approach to benefits no longer works, it is incredibly antiquated and hurts more employees than it helps! Employers are realizing that by strategically aligning their workforce, they can optimize their benefits spending while offering customized solutions for different employee groups.

Below are the recognizable classes available under ICHRA:

• Full-time employees
• Part-time employees
• Seasonal employees
• Unionized employees under a collective bargaining agreement
• Employees who have not completed the waiting period for coverage
• Salaried employees
• Non-salaried employees
• Nonresident aliens without U.S.-based income
• Employees within the same geographic rating area
• A combination of any of these groups

By being strategic in how they leverage these class option, employers can design benefits packages that align with their budget and while providing ultimate flexibility to their workforce.

A simple Example: an employer provides more substantial benefits contribution to full-time employees, a smaller contribution to part-time workers and a flat $xx.xx stipend to contract or temp staff.

Consider how your organization can leverage these strategies to save employees money and create a truly unique, impactful, benefits program. Contact us for more info