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Compensation & Benefits

Boost benefits to convince hourly workers to stay

10/26/2021
A Mercer survey found that comprehensive health and mental health insurance benefits are key to retaining low-level workers. Also valued: dental and vision coverage, access to gyms and attention to work/life balance.

Most employers won’t base teleworkers’ pay on location

10/21/2021
More than two-thirds (69%) of employers say they don’t plan to offer reduced pay for remote workers who live in lower-cost cities, says a new Payscale survey.

Snapshot: 49% of workers feel they are underpaid

10/19/2021
Discontent about compensation is widespread among employees of all ages.

Millennial employees seek new benefits this fall

10/12/2021
Nearly two-thirds of millennials surveyed for a new MetLife report say this year’s open enrollment is more important than last year’s, and two in three say they plan to elect new benefits this year, compared to about one in three baby boomers.

Health costs to grow 4.7%

10/12/2021
Employers expect health benefit costs to rise 4.7% on average in 2022 compared to 2021.

Tech solutions help staff hard-to-fill shifts

10/07/2021
By now, it’s clear that retailers will have serious problems attracting enough workers to meet customer demand this coming holiday season. That leaves employers battling it out to recruit new workers. But some companies have decided it’s more productive to ask current employees to work longer hours.

SHRM: Pandemic reshaped benefits landscape in 2020

10/05/2021
Employers expanded benefits that support employee health and wellbeing in remote and hybrid workplaces, with increased attention to parental leave and family caregiving duties.

Benefits: Employers retool to attract talent, foster DEI

09/28/2021
Willis Towers Watson’s 2021 Benefits Trends Survey found that more than two-thirds of employers plan to differentiate and customize their benefit programs over the next two years, a sharp increase from just 23% today.

Snapshot: Who offers education benefits?

09/28/2021
Organizations with 500 or more employees are most likely to offer education benefits such as tuition reimbursement, a 529 plan or student-loan repayment.

2021’s rapid wage growth likely to surge again in ’23

09/21/2021
Thus far in 2021, wages in the U.S. have grown at the fastest pace in over 20 years. According to the Conference Board business advisory organization, the surge is likely to persist in the near term—and over the next decade as pandemic uncertainties fade and long-range demographic factors come to the fore.