To make them more competitive, a third of employers have enhanced their supplemental benefit offerings, expanded leave policies, added well-being initiatives, and/or enriched retirement benefits. (Photo: Shutterstock)
It's an employee's market, prompting many employers to increase pay and offer richer benefits to keep talented workers from defecting, according to Gallagher's 2019 Benefits Strategy & Benchmarking Survey.
Gallagher surveyed 4,155 U.S. employers and found that nearly three quarters (73 percent) increased employee compensation this year, and more than half (52 percent) enhanced medical benefits. A growing number of employers are also improving their supplemental and voluntary benefit offerings.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
