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Benefit Strategies for 2023

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Employers large and small know that hiring and retention are predicated on comprehensive benefits packages. The latest research confirms that one of the most tried and true incentives continues to be offering employees a solid benefits package.

According to Sally Prather, executive vice-president and employee benefits practice leader at Alera Group:

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https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/benefits-trends-to-watch-in-2023.aspx

“Employee retention and inflation pressures are the two biggest issues keeping employers up at night,” said Sally Prather, executive vice president and employee benefits practice leader at Alera Group, a Deerfield, Ill.-based benefits firm. “And the ripple effect of the Great Resignation has increased the emphasis on retention as companies seek to balance economic volatility with strong benefits packages, including paid time off and voluntary benefits, to shore up their employees.

“To maintain an engaged workforce, employers will have to meet employees where they are with these offerings and both show and tell employees how much the organization values them.”

The BenefitWerks team has developed tools and resources for our customers and broker partners that educate and inform employees about the value of their benefits.

Account Executive, β Division

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