National Employee Benefits Day, which this year takes place on Tuesday, April 6th, 2021, honors all those who strive to provide quality employee benefits that improve the well-being of the workforce. Today we recognize trustees, administrators, benefits practitioners, and professional advisors for their dedication to providing quality benefits. Benefits leaders play a huge tole in their colleagues’ well-being while combatting one of the biggest strains to both organizations and individuals: remote work during a global pandemic.
In 2020, employees were resilient to changing working conditions, but 88% of business leaders still see remote workers increasing the risk of a data breach. Not only are data breaches expensive, but they also jeopardize the identity of employees, customers, and partners. Employees’ identities are under attack by scammers this year more than ever before. But the types of scams being used aren’t new, they are just using new themes related to COVID-19. Or, they are targeting changing consumer behaviors, like increased online shopping and video conferencing services. Right now, more than 1 out of 3 Americans believe they have already been targeted by fraud or scams related to COVID-19.
Unemployment identity theft is now affecting individuals with and without jobs across the country. Unemployment fraud impacts organizations, too, as insurance rates may increase based on bogus claims using stolen identities. The same thing happens to unsuspecting victims every tax season as identity thieves steal millions in tax refunds. Now that the Federal Tax Filing date has been extended to July, it has expanded that window for fraudsters as well.
Employee Financial Wellness Still Top of Mind
Of course, employees are still worrying about their financial health. A recent survey by the National Endowment for Financial Education indicates that whether employees are making under $50K or over $100K, they are all concerned with financial wellness. They also report that 9 in 10 Americans say the COVID-19 crisis is causing stress on their personal finances.
And your organization may already take that concern to heart. Bank of America’s annual Workplace Benefits report says 53% of companies offer financial wellness programs, twice as many as 4 years ago. The Society for Human Resource Management expects that number to reach more than 80% in the next few years.
A Benefit That Strengthens Relationships
We work alongside Employee Benefits brokers and HR leaders who are either in the process of evaluating identity theft protection for their clients or employees or they are about to roll out identity theft protection.
We offer 360-degree support for organizations rolling out IdentityForce – we believe that introducing a new employee benefit should be painless and we enjoy making it fast, fun, and effective. Our team works alongside HR organizations to customize a 3-step rollout process to meet the diverse needs of each organization. This includes:
- Enrollment Platform Integration | We work with your HR team to make it seamless to get your employees set up
- Meaningful Marketing Support |From joint collateral to webinars and live presentations for your employees, we provide the support to educate your employees fast, while reinforcing the values and culture of your company
- World-class Support | Dedicated customer support line depending on client size, with 24/7 support available upon request
However, onboarding and support don’t end there! IdentityForce works alongside your team to tailor outreach based on corporate preferences and standards. Our programs also include custom webinars, videos, benefit fairs, FAQs, nurturing emails and educational initiatives.
Understanding the Impact of Identity Theft on Your Workforce
We all want to provide our employees with the best benefits package possible to promote health, well-being, and productivity. Download our 2020 Broker primary research report, Do You Understand the Impact of Identity Theft on Your Workforce?, to learn what your organization can do to prepare for increased scam and fraud activity and which top progressive benefits are most in-demand for 2021.