McKinsey October 3, 2022
Who will crack the code and create an integrated experience in the employer-sponsored benefits ecosystem?
Faced with many talent challenges, employers need better tools to evaluate and deliver individualized health, wealth, and wellness benefits to their future workforce. An integrated benefits ecosystem would be a win for both employers and employees, especially in today’s workforce: a recent McKinsey survey found that over the past five years, the importance of ancillary and voluntary benefits has increased across the board in relation to talent attraction and retention.
In fact, many Americans say benefits are as important as salary—if not more so—when evaluating job opportunities. Yet many organizations still use complicated, and often antiquated, infrastructures for benefit design and employee guidance. Many employees...
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