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The COVID-19 pandemic has rocked nearly every facet of our economy. And while the benefits business hasn’t been immune to these effects, many of the setbacks could be temporary. While stay-at-home orders and economic uncertainty may have dampened the market for acquisitions, many industry professionals expect it will heat back up quickly.
The same is true for the health care industry, where even businesses once immune to the effects of economic recession are now stumbling. But the expectation is those that are able to weather the storm will come back even stronger.
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Emily Payne is managing editor at BenefitsPRO. A Wisconsin native, she spent the past eight years writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
In last year’s August cover story, “Long Hard Road,” we spoke with various members of the industry about what they were seeing and their hopes and expectations for the future. We recently checked back in with Felipe Barganier and Desiree Coleman to get their perspectives on where things currently stand.
Competing successfully in today’s labor market means moving away from reactive recruitment practices that are overly reliant on compensation. Instead, take a more strategic approach with innovative add-on health benefits that complement core benefits and can be tailored to the needs and wants of a diverse workforce. Download this guide to learn how.