As if employers didn’t already have enough on their plates, they now are under major pressure to balance their benefits spending amid record-high health care costs and growing employee demand for ever-expansive benefits. For some employers, according to a new report, this is “an unsustainable trajectory” that is further exacerbated by widespread financial insecurity and persistent benefits confusion.  

The seventh annual “Benefits Insights Report” from SaaS-based human resources and benefits administration technology provider Businessolver® includes details about employee benefits preferences, behavioral insights, and trends data alongside AI technology adoption and effectiveness. The data is based on the 18 million individuals represented on Businessolver’s platform, as well as 740,000 annual enrollment surveys, 42,800 benefits preferences surveys, and feedback from nearly 1,400 HR decision makers.