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Employees' shifting benefits priorities require new strategies

Due to a convergence of economic and societal trends that were already ongoing, many experts believe the economy, the labor market, and employment practices will not return to the world we knew before the pandemic.

By Anita Potter | April 21, 2023 at 07:08 AM
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The COVID-driven recession and its aftermath have had far more lingering effects on the labor market and employment practices than initially predicted. Despite a historically short and quick recovery, the labor market and employment practices have yet to return to pre-recession levels. 

Due to a convergence of economic and societal trends that were already ongoing, many experts believe the economy, the labor market, and employment practices will not return to the world we knew before the pandemic. Rather, the workforce has begun to reevaluate their priorities and is now motivated by different factors. 

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