This year, retaining cornerstone workers through employee benefits and meaningful DEI is a top goal for many organizations, and may be focused upon more than revenue and sales stepping into 2024.
These estimates were revealed in Gallagher's 2023 U.S. Organizational Wellbeing Report, which pulled from about 4,000 firms across the U.S. The report noted a large emphasis on employees in particular. This year, nearly 3 in 4 employers forwarded their employees' base salaries, while 40% of employers invested in expanded medical benefits.
"An organization's ability to retain employees ultimately impacts its bottom line because hiring and training a new employee usually costs much more than retaining someone who is already on the payroll," said William F. Ziebell, CEO of Gallagher's Benefits & HR Consulting Division.
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