The workplace benefits industry is rapidly changing. To succeed in this dynamic environment, benefit providers must understand their customers’ challenges and offer effective solutions.
Success in today’s benefits space includes keeping abreast of employees’ evolving benefit needs, offering innovative products and solutions, and helping employers communicate those benefits effectively.
The 2024 BEAT Study: Benefits and Employee Attitude Tracker provides insights into how employees view their work, and the strategic role benefits programs can play in attracting and retaining talent.
Employees who say their companies communicate about benefits well are more likely to be satisfied, suggesting that some employers might be able to increase satisfaction with benefits merely by rethinking their benefit communication strategies.
Recent years have seen a notable increase in mental, emotional, and behavioral health conditions among the U.S. employee population. Employees who face mental health challenges are less inclined to stay with their current employers, impacting workplace turnover.
Workplace benefits are a central part of employers’ value proposition in the war for talent and can contribute to overall workforce satisfaction and engagement. When considering whether to stay with their current employer, there are a variety of factors that influence workers’ decisions.