In 2022, however, nearly 8 in 10 employers (78%) increased base salary for fiscal year 2022 at nearly two times the rate of other total rewards to attract workers.

"Our survey suggests that many employers are unsatisfied with the standard group health insurance model -- and many employees feel the same way," eHealth CEO Fran Soistman says.

Resilient insurance agents leverage partner-carrier resources to run efficient, effective business operations.

"For employees and employers alike, the stakes today are high when it comes to ensuring employee financial wellbeing."

There are steps that small businesses can take now to help support their employees.

Sure, technology is a key part of this younger generation but they also want to find purpose in work — an impulse that drives not only Gen Z, but millennials as well.

Benefits consultants deliver enormous value to employers, but that could be threatened by growing employee dissatisfaction with an overly complicated health care billing system.

Ensure portfolios are well-positioned for inflation risk and rising rates or, for near-retirees, consider the benefits of a lifetime income annuity to help address market risk, experts say.