Tomake them more competitive, a third of employers have enhancedtheir supplemental benefit offerings, expanded leave policies,added well-being initiatives, and/or enriched retirement benefits.(Photo: Shutterstock)
It's an employee's market, prompting many employers to increasepay and offer richer benefits to keep talented workers fromdefecting, according to Gallagher's 2019 Benefits Strategy & BenchmarkingSurvey.
Gallagher surveyed 4,155 U.S. employers and found that nearlythree quarters (73 percent) increased employee compensation this year, and more thanhalf (52 percent) enhanced medical benefits. A growing number ofemployers are also improving their supplemental and voluntarybenefit offerings.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
