In the dynamic and rapidly changing employee benefits landscape, human resource (HR) professionals seek innovative, exciting ways to build total compensation solutions that attract and retain talent. With health care costs projected to rise by 7% in 2024, the challenge is daunting.

But even so, HR professionals must recognize that the needs of employees have radically changed over the last few years. Massive lifestyle shifts occurred during the pandemic, spikes in inflation and the threat of recession have loomed since. This is combined with 80% of people worrying about job security and financial inequality. Total compensation in this new paradigm needs a complete shift and acknowledgment that building a comprehensive solution goes far beyond health benefits and retirement planning.