McKinsey May 25, 2022
A survey of US employers reveals their strategies and approaches for designing appealing health benefits packages and managing costs.
The talent market today is challenged by the continuing COVID-19 pandemic; record levels of attrition; increased focus on diversity, equity, and inclusion; and rising healthcare costs that outpace inflation. In this environment, employers tell us that they are trying to simultaneously expand benefits and manage healthcare costs.
The results of our latest Employer Health Benefits Survey reveal the following:
- With record numbers of employees leaving their jobs, the “Great Attrition” is putting pressure on employers and raising their awareness of the importance of employee health benefits.
- Employers offer a variety of voluntary benefits to bolster talent acquisition and retention efforts,...