Image: ©undrey – stock.adobe.com

Employers are raising their investments in leave programs for their employees. In a heightened effort to remain competitive and improve employee attraction and retention, a majority (84%) of U.S. employers plan to add to their leave programs within the next two years. These findings come from WTW's 2023 Leave, Disability and Time-off Trends Survey.

The study revealed attraction and retention strategies are the number one driver for making changes to paid leave, time off or disability programs. Nearly three-quarters (73%) of employers have already made or plan to make changes to their leave programs. A similar level of employers (72%) cited enhancing the employee experience as their primary motivation for doing so.

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

  • Critical BenefitsPRO 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
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.