Heading into 2024, there are several benefits trends impacting employers. While some of these trends are new, most are not, and employers have been trying to address many of the same benefits challenges for the last few years. Some employers have responded to these challenges by attempting to meet employee demands, such as offering competitive benefits or flexible work arrangements, but by and large, most employers are still struggling to find adequate solutions that balance providing the value that employees desire and the costs needed for a sustainable budget. However, understanding the latest benefits trends can help employers evaluate their offerings to best meet employee needs, respond successfully to their challenges and give them an advantage over their competitors. Proactively reacting to these trends can help keep employees happy, healthy, and loyal, without breaking the bank.
Only 30% of employees report feeling engaged with their current roles. Download the full 2024 Benefits Trends Report today to access key strategies to deliver value to your workforce while staying in line with your budget.
If you would like to discuss the Benefit Trends report further, please reach out to Grace Weimerskirch at gweimerskirch@cottinghambutler.com.