Comprehensive whole-health and well-being strategies are gradually gaining ground — up 2 points from last year to 20 percent in 2019..(Photo: Shutterstock)
It's definitely an employee market when it comes to workplace benefit offerings, according to Gallagher's 2019 Benefits Strategy & Benchmarking Survey.
Record-low unemployment, coupled with higher turnover rates, is prompting employers to enhance their benefit offerings and many are also holding off on premium increases, according to the report.
"The antidote to employee restlessness, churn—and a compromised organizational culture—is regularly identifying and refreshing rewards to match the preferences of distinct employee populations," the authors write. "Delay increases risk in a competitive market, so a relative sense of urgency is important."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
