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For WorldatWork Members Total Rewards Inventory of Programs & Practices , research;5 Health Benefits Trends Come into Focus for 2024 , Workspan Magazine article;Navigating Employees’ Serious Medical Needs , on-demand webinar;Total Rewards Inventory Checklist , tool; As the demand for glucagon-like peptide-1 (orGLP-1) drugs increases, and the potential applications of them continue to expand (from diabetes management to obesity and beyond), employers are weighing both the cost of covering the medications and the potential long-term benefit (to employees and the organization).

Access bonus Workspan Daily Plus+ content on this subject: Considerations to Manage the Costs of GLP-1 Coverage; Increasing Demand Poses Expensive Deliberations Among the nearly 300 employers surveyed by the IFEBP for a recent study, 34% are now covering GLP-1 drugs for both diabetes management and weight loss, up 8 percentage points from 12 months ago.

; ;The Impact of the H.R. 1 Law on the Telehealth Safe Harbor; ;How H.R. 1 Changes Your Section 127 and 529 Education Programs;Charting the Changes: 2026 Benefit Plan Limitations; Additional Workspan Daily Plus+ articles related to H.R 1: ;Checklist for Total Rewards to Be Compliant with H.R. 1 Provisions; ;The Ripple Effect: 529 Plans as a Catalyst for Financial Stability;What Are TR Pros’ Options for Paid Care Leave Design; Compensation and Payroll System Updates In the area of payroll and compensation, experts shared these system updates may be required: ;W-2s need to include reporting fields that separate qualified overtime compensation from base pay.

Access additional Workspan Daily articles related to H.R. 1: ;The Facts on Tax: Breaking Down the H.R. 1 Overtime, Tips Provisions;Prepare Your Systems for H.R. 1-Related Reporting and Administration; ;New U.S.

Amid the backdrop of continuing cost pressures, it's key that the total rewards offered align with employee preferences and needs, as well as business goals.

As reported by CNBC , Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly employees a raise.

Starbucks will increase wages for its hourly employees by at least 3% beginning Jan. 1, 2024, CBS News reports .

For WorldatWork Members Considerations to Manage the Costs of GLP-1 Coverage , Workspan Daily Plus+ article;Total Rewards Inventory of Programs & Practices , research;Total Rewards Inventory Checklist , tool;Five Emerging Workplace Trends Affecting the Employee Experience , Journal of Total Rewards article; For Everyone As Interest in GLP-1 Drugs Spikes, Employers Weigh the Costs, Benefits , Workspan Daily article;Employers Grapple with the Rising Costs and Popularity of Specialty Weight-Loss Drugs , Workspan Daily article;Most Employers Hold Firm on Well-Being Offerings — But Want Results , Workspan Daily article;As Health Costs Spike, Total Rewards and CFO Collaboration Is Crucial , Workspan Daily article;Employers Facing Healthcare Cost Containment Challenge for 2025 , Workspan Daily article; Glucagon-like peptide-1 (GLP-1) medications are more top-of-mind than ever this year for employees — and they’re looking to their employers to help pay for

Cody Midlam, a pharmacy community director at consulting firm WTW, noted there are already many potential “partners” in this space, such as: ;Clinical vendors to support weight loss with or without GLP-1 drugs;; ;Vendors to facilitate various payment structures for GLP-1 drugs;; ;PBM programs;; ;Health plan programs; and,; ;Combinations of all the above.; “Because the list price cut does not guarantee lower net costs for employers, it is unlikely to materially expand coverage of GLP-1 drugs for obesity,” he said.

Access additional Workspan Daily articles related to H.R. 1: The Facts on Tax: Breaking Down the H.R. 1 Overtime, Tips Provisions;How H.R. 1 Changes Your Section 127 and 529 Education Programs;Prepare Your Systems for H.R. 1-Related Reporting and Administration;New U.S.