phrase retire in 5 years crossed out 90% of sponsors surveyed report at least some employees are delaying retirement. (Photo: Shutterstock)

Hybrid schedules. Mental and physical wellness. Fairness and equity. The US workforce emerged from COVID-19 with very different attitudes toward these needs—and in many ways, public-health uncertainty magnified financial uncertainty. More workers today say they’re stressed about money — that anxiety can be a big hit to mental wellness, which can ultimately impair corporate financial health.

Even as existing workers’ priorities shift, employers are drawing from a very different post-pandemic labor pool, with job seekers expecting more. There’s more focus on work-life balance, diversity and inclusion, and better benefits—especially retirement plans that foster stability and a sense of security. With the tightest labor market in decades, people are more willing to change jobs to fulfill their expectations, causing mobility trends to spike. A record 47 million Americans quit in 2021 during this “Great Resignation,” per the Bureau of Labor Statistics, seeking new jobs or heading into retirement.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.