The COVID-19 pandemic dramatically changed the world of work, including expectations around employee benefits. In 2021, more than 47 million Americans quit their jobs. Many are reconsidering their work, in terms of work-life balance and where to work, i.e. in person, hybrid, or remote. As a result, employers must examine their employee benefits package. Employers and insurance carriers have an opportunity to modernize employee benefits to combat the Great Resignation, the Great Realignment, or Turnover Tsunami as the phenomenon is described.
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