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The workplace benefits industry has experienced a noticeable shift since the days of the pandemic. While employers depend on their employees to reach their bottom line, employees are relying on their employers to reach their own, and they are making it known. In fact, in Prudential’s recent workplace study, 9 in 10 respondents indicated they expect their employer to play a role in their financial, mental, or physical wellbeing.

Employers too recognize that compensation is not the only motivating factor when it comes to employee satisfaction and talent retention. According to LIMRA’s 2023 BEAT study, employees who are offered a greater number of benefits are more likely to stay with their employer for those benefits.

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