Image: ©undrey – stock.adobe.com
Employers are raising their investments in leave programs for their employees. In a heightened effort to remain competitive and improve employee attraction and retention, a majority (84%) of U.S. employers plan to add to their leave programs within the next two years. These findings come from WTW's 2023 Leave, Disability and Time-off Trends Survey.
The study revealed attraction and retention strategies are the number one driver for making changes to paid leave, time off or disability programs. Nearly three-quarters (73%) of employers have already made or plan to make changes to their leave programs. A similar level of employers (72%) cited enhancing the employee experience as their primary motivation for doing so.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
