Are coverage targets always required for Additional Benefits?

The notion that coverage targets are not always required for Additional Benefits is accurate because the necessity of coverage targets can depend on several factors, including the nature of the benefit itself and the organization's strategic approach to benefits offerings.

Additional Benefits can encompass a wide range of options, and while some may have established guidelines or targets to meet certain business or employee needs, many others can be offered without strict coverage targets. For instance, voluntary benefits that employees can choose based on their individual circumstances might not require predefined coverage targets. This flexibility allows organizations to tailor their benefits offerings without being bound by rigid coverage requirements, fostering a more personalized approach to employee benefits.

Recognizing this variability is essential for understanding the design and administration of benefits within Workday and how organizations can best meet their employees' needs while adhering to compliance and operational efficiency.