Lively’s second annual Employee Benefits Pulse Check captures and shares what’s at the top of HR leaders’ minds and what they are doing right now to keep up with shifting marketplace and employee expectations.
Economic volatility, rising prices, and uncertain labor markets have put pressure on companies, their employees, and the HR leaders and benefits brokers that serve them throughout the past year. While trends in hiring seem to shift with the season, from the great resignation, to quiet quitting, to the great reshuffle, to the painful actuality of downsizing, HR leaders are looking for and increasing benefits that help provide employees with stability, savings, and a reduction in financial stress.
In partnership with CITE research, we anonymously surveyed 250 HR leaders across the United States and multiple industries to capture key data and understand current trends around employee benefits, healthcare, health policy, and retirement.
The report identifies four key trends around how employers are:
- Adding bonuses, 401(k) matching and other incentives to retain employees
- Offering innovative benefits such as Lifestyle Spending and Medical Travel Accounts
- Leveraging benefits to combat employee financial stress
- Utilizing benefits education and working with benefits providers to drive adoption
This report provides HR leaders and the benefits brokers that serve them with key data, insights, and action items that they can use during open enrollment, to drive benefits adoption, and as they plan their benefits strategies for 2024.