Can your organization's benefits compete?
Workers are valuing benefits almost as much as salary. Learn more about how an innovative benefits program can help your company simultaneously secure top talent and control costs.
Managing a benefits program has never been more complicated. The COVID-19 pandemic placed a magnified and accelerated focus on benefits, and employers had to adapt quickly to meet the needs of their members. These needs are continuously evolving with breakthroughs in digital health, a required focus on mental health, and maintaining employee engagement with a remote population. Employees are requiring more robust benefits to support diverse populations at a time when member health has deteriorated, large claims continue to rise, and business pressures are minimizing spend across the organization.
Companies with employer-sponsored health plans need to strategically manage their offerings. If they don’t, they risk a significant amount of employee dissatisfaction and unnecessary spending. Now is a pivotal time for your company’s health and welfare programs due to:
- Anticipated high medical costs from foregone non-emergent care and pandemic challenges
- Upward pressures in healthcare benefits spend from the Great Resignation and DEI goals
- In U.S. healthcare, the employer has sole responsibility to control costs and optimize value
