U.S. employers are significantly altering their employee benefit strategies in response to mounting cost pressures and economic uncertainty, according to a new survey from WTW. Companies are moving away from expanding benefit portfolios and instead focusing on optimizing current offerings and reallocating spending to areas of highest impact.
Why it matters: This shift signals a more discerning approach to benefits management, where value, efficiency and employee well-being are paramount. For consultancies and businesses advising on HR and benefits, understanding these changing priorities is key to providing relevant solutions in a challenging economic climate.
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