Healthcare costs are expected to grow 7% in 2024 due to rising pharmaceutical expenses driven by specialty drugs and insurers increasing rates in response to inflation, according to an annual report from professional services firm PricewaterhouseCoopers (PwC). This trend is higher than 2022’s and 2023’s projected medical cost rates, which were...
Voluntary benefits are becoming increasingly important to employees as they focus on their physical, mental, social, andfinancial health. As a result, many employers have expanded their voluntary benefits offerings to address employees’ needsand improve their attraction and retention efforts.
Employees are one of an organization’s most valuable assets, but the majority of workers who are looking to grow to search for new opportunities outside of their current companies. According to a recent study by the University of Phoenix, more than half of surveyed employees were looking for a new job or expected to be looking for a new job in the...
Mentions of employee benefits in job postings on recruiting website ZipRecruiter reached the highest rates on record. An analysis of this trend revealed that many U.S. employers are leaning on enhanced benefits offerings to attract and retain workers.
Understanding the Value of a Learning Workplace Culture As many employers today are finding ways to combat attraction and retention challenges, learning and development (L&D)efforts are one way for organizations to find and keep employees. Workplace trends and protocols change fast, so today’sworkforce wants to broaden their skill sets to keep up...
There’s growing anxiety that the U.S. economy is heading into a recession. While a recession impacts organizations of all sizes, small businesses often have limited resources and face a unique set of challenges. As a result, small businesses often must make difficult financial decisions to avoid issues such as insolvency or bankruptcy when a...
The Trendiest Benefits for 2023