Companies continue to ask more of their CHROs than ever before. After the trauma and uncertainty of the COVID-19 pandemic, employees now struggle with soaring inflation and the prospect of an imminent recession. It's no wonder why turnover rates have spiked; companies have proved incapable of meeting new employee priorities (such as the demand for workplace flexibility) or providing the financial support their workforces need.

This is why 2023 is going to be the year of the CHRO. It has never been more important for companies to focus on the health of their workforce, and this means providing benefits that employees will actually use, facilitating professional development, and creating a workplace culture that makes everyone feel valued. Satisfied employees aren't just more likely to stay with the company and contribute to a positive work environment – they'll also provide better service for customers and improve your brand.

When employees receive the recognition and rewards they've earned through your benefits program, your company will be in a much stronger position to navigate a difficult economic environment and emerge even stronger.