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PBMs are progressively exploring ways to incorporate those types of offerings into their own apps and services that they offer insurers and employers, which total rewards professionals can vet as they’re assessing vendor solutions — a timely task as health costs continue to increase .

In fact, one California study found that 70% of Latino workers do not have access to a workplace plan.

The two executive groups also differed on their knowledge or interpretation of what policies were in place: More than half of CDOs (51%) reported offering diversity fellowship programs, while 70% of CLOs reported their organizations were not implementing, or even considering, such programs;Nearly half (49%) of CDOs reported offering DEI-related incentives to executives versus only 8% of CLOs; The report points to lack of awareness between the divisions as a possible reason for the misalignment.

.; ;70% reported inflation and market volatility as increasing financial stress.; ;56% feared for their jobs.; The top concerns respondents voiced as unmet needs were: ;Their ability to cover monthly expenses;; ;Being able to retire; and,; ;Job security.; Meanwhile, in uncertain labor and economic markets, 75% of respondents said they intend to stay with their current employer.

For more than 70 years, WorldatWork has served Total Rewards professionals throughout the world working in organizations of all sizes and structures.

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On the utilization side, Nayya research found: ;70% of employees keep the same benefits from year to year — despite life changes that may make new benefits more relevant.; ;Only 14% actively seek new benefits options during annual enrollment.; ;26% of workers in a high-deductible health plan don’t use the associated HSA.; ;64% of those using an HSA don’t take advantage of its long-term investment potential .; Then, there’s the lack of understanding: ;70% of polled employees don’t understand hospital indemnity, accident and critical illness insurance.; ;50% can’t explain the intricacies of 401(k)s, HSAs or flexible spending accounts, or how these benefits work.; ;While employers annually spend an average of $16,501 per employee on health coverage, only 10% of employees understand that value; 25% believe their employer spends only $1,000 a year on their health benefits.; ;40% of employees don’t recognize health insurance as part of their total compensation, while 48% don’t consider

For more than 70 years, WorldatWork has served Total Rewards professionals throughout the world working in organizations of all sizes and structures.

That’s why it is so alarming to see that 91% of surveyed employees said “communicating well” is a critical skill their leaders lack, and nearly 70% of surveyed managers admitted they are uncomfortable communicating with employees in general.

Employees surveyed by the professional organization said that even in an employer-advantaged job market, many would still likely leave their position if they weren’t satisfied with their compensation (70%), benefits (57%) or opportunities for career advancement (47%).