Benefits play a decisive role in retention, with 73% of departing workers inclined to stay if offered better insurance according to Marsh and Mclean’s yearly report. The workplace's 5 generates displace rare alignment on the under-engagement, cost concerns, and needing mental health support. Optimizing benefits for whole person health improves experience and retention per 95% of employers.
But costs are rising amid economic uncertainty, challenging 1 in 3 to afford prescriptions. Employers must reimagine offerings to control costs and reduce employee burden. This addresses top concerns and retains talent.
In an era of unprecedented challenges, holistic wellbeing is imperative. Tailored benefits that are meaningful, accessible and affordable will meet workforce needs. Companies that prioritize this can expect higher retention, engagement and productivity. Benefits optimization is key for talent strategy today.
Comments