In the previous three years, price per employee was the top benefit consideration for employers, however this year it dropped by 22%, landing in third place.
Retirement plan design is moving away from a one-size-fits-all environment to emphasize individuals' unique needs and improve participant access, however, employers must be sure not to confuse participants with too many options.
Job-hopping and fearless quitting have created a retention crisis, but today's digital native workers have a hidden passion for loyalty that employers can capture through effective training.
With the new independent contractor standard, the U.S. Department of Labor is "essentially putting their thumb on the scale to encourage a finding of employment," Baker & Hostetler partner Todd Lebowitz said.