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Employer-sponsored Savings and Spending Accounts and Other Benefits May Minimize "The Great Resignation”

Like everything else, employee benefits, especially healthcare benefits, have been affected by the pandemic. With the extreme focus on health in the public space, consumers and employees are more engaged with their benefits, especially healthcare benefits, than ever before.  While the historic labor shifts across the United States currently being dubbed “The Great Resignation” are driven by a diverse range of factors, according to a recent survey by Pew Research Center, roughly half of those surveyed cited benefits as either a “major” or “minor” reason why they quit a job during 2021.

Employers should consider this to be an opportunity to reevaluate the benefits they offer. Well-designed health benefits plans can aid businesses in meeting their objectives by improving a company’s bottom line, as well as attracting and retaining the best talent. In this unique environment, here is some valuable information to help you evaluate your benefits offerings.

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Is 2022 The Great Reset in Employee Benefits and Rewards?

NEEBC’s Trusted Sources for your 2022 Outlook

Here we are.  2022.  The symphony of voices I heard throughout my NEEBC inaugural year are etched as chords in my brain.  It was a gift to hear from peers throughout 2021 about their challenges and opportunities.  Leaders in Human Resources, Employee Benefits and Total Rewards from across all industries, as well as consultants, advisors, brokers, attorneys, lobbyists, regulatory experts, pharmaceutical giants, authors, and even the editor of a national publication, graciously shared with me their common travails.  As I reflect on those discussions, some themes emerged:

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Mythbusting: The Surprising Truth About Your Employee Caregivers

Ask five different people how to describe a family caregiver, and you’ll get five different answers. Whether it’s raising young children or looking after elderly parents and loved ones, caregiving is a difficult task that is frequently combined with an equally challenging day job. Yet despite 53 million1 U.S. adults identifying as caregivers, myths abound about the role, and companies that better understand and support their employees’ caregiving needs can reap significant rewards.

Myth #1: Family caregivers are women with aging parents or children with special needs who live at home with them.

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