Prepare your clients’ benefits strategy to withstand economic and workforce challenges

No matter where you look right now, headlines are filled with news about the current economic state. The price of everyday items, interest rate hikes by the Federal Reserve, and an unpredictable stock market are just a few of the topics that have been dominating news outlets. The economic turbulence we’re experiencing is being caused by numerous factors, including supply chain issues, the war in Ukraine, and lingering effects from the coronavirus.

In my last article for BenefitsPRO, I wrote about how most employers are looking to cut costs while strengthening their benefits offerings during this challenging economic period. This remains true; however the priorities for many employers have shifted in the past few months.

Let’s explore the shifting dynamics and how to prepare your clients’ benefits strategy to withstand the resulting challenges.