Employee Benefit News October 21, 2024
Our economy today faces several significant challenges. For organizations sponsoring employee benefits, maintaining a budget while providing essential health benefits is more crucial than ever.
Persistent inflation has driven savings rates down to levels not seen since 2008, and the impact of higher-than-average healthcare cost increases are beginning to be felt. Additionally, legislative uncertainty, particularly during an election year, can create political shifts that can slow decision-making processes. Given these circumstances, brokers and advisers must adopt innovative strategies to help employers balance health benefits with financial wellness.
Using surveys to engage employees and discover which benefits matter most to them can be an effective strategy for organizations. By actively soliciting input, companies can gain valuable insights into their workforce’s preferences....
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