The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
Small business owners are feeling more optimistic than ever, with a significant jump in confidence driven by the recent election and interest rate cuts.
According to the report, a big majority (74%) of respondents reported sharing employees' job levels, while just 58% said they share variable pay opportunities.
Currently, about 60% of employers either agree or strongly agree that their employees are highly engaged, which represents a 3% rise over the last three years.
Employers generally turn to direct contracting expecting lower costs, shared savings, and easy implementation. Most respondents reported expecting savings between 6% to 20%.