We're in the era of the Great Realization. This isn't simply a Great Resignation, a Great Reshuffle, a Great Awakening, or any of the other "Great fill in the blanks" that you've seen on LinkedIn recently. It's a realization — hitting workers and enterprises alike — that the old ways of working simply don't work for us anymore.
So, what's changed? And what will it mean for employers and their benefits advisors as they look to the future?
The pandemic forced a lot of the workforce to pause and evaluate what was working for them and what needed to change. The results show that people want employers to offer more. Employees want their employers to prioritize:
- Wellbeing and purpose
- Flexibility
- Competitive pay
- Good working conditions
- Skills development
And in the battle for talent, employers and benefits advisors will continue to face immense pressure to deliver a whole person health care approach along with benefits that attract strong candidates, satisfy existing employees, and provide increased value. According to the Kaiser Family Foundation, self-insured employers have raised health care benefits premium spend by 4% in order to compete in the battle for talent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
