As labor pressures tighten, focus sharpens on total rewards
Sweetening the benefits mix may have a downside of increasing costs, and employers’ greatest pain may lie in their health plans.
By Linda Keller and Jeff Faber|January 05, 2022 at 09:17 AM
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If the tumultuous labor market of the last two years hasn’t forced U.S. employers to reassess their approaches to getting and keeping good people – without breaking the bank on benefits that count – there’s still time to act. Relief isn’t likely for another two or three years. If then.
The environment is unprecedented.
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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.