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To lower costs, the WTW survey found : ;73% of employers plan to carve out pharmacy benefits over the next few years ; ;51% expect to adopt plan design or network strategies that steer employees to lower-cost or higher-quality providers, sites of care ; ;34% of employers plan to shift costs to employees through premium contributions ; ;2 7% would consider a smaller PBM (pharmacy benefit manager) that offers alternate pricing models. ; ; Ihrke also offered these strategies to help employers respond to rising overall healthcare costs : ;Modernize plan offerings to optimize high-performing healthcare delivery strategies, coupled with options that meet individual needs from affordability to savings. ; ;Evaluate vendor partnerships by conducting analytic performance reviews, audits and marketing to identify the best financial optimal partners to meet objectives . ; ;Prioritize micro-strategies for the key cost drives balancing attraction and retention.

Once accessed during business hours by phone only, traditional EAPs have given way to digital platforms with 24/7 access and a broad range of services.

By separating how someone performs from the value their work creates for the organization, leaders can move beyond the limitations of the 9 Box and toward more intentional, business aligned equity decisions.

Workers from Generation Z are the most burnt out, at 66%, followed by millennials (58%), Gen X (53%) and Baby Boomers (37%).; ;67: The percentage of global employees with fertility challenges who say their employer doesn’t offer support for undergoing fertility treatment, according to a survey by Fertility Matters.

The y-axis is your organization’s total target compensation (or on-target earnings) market pay philosophy, and the x-axis is how much you desire to differentiate your top and bottom performers.

As more people find themselves in the role of caregivers [for children, parents, grandparents and/or others], it’s no wonder paid time off is becoming one of the most desired benefits among men and women in all four generations [Baby Boomers, Generation X, millennials and Generation Z].”

For WorldatWork Members ;Employment Extenders: Why More Americans Are Delaying Retirement , Workspan Daily Plus+ article; ;‘Flextirement’ May Help Gen X Flex Their Retirement Muscles , Workspan Daily Plus+ article; ;Using Metrics to Drive Employee Retirement Readiness , Workspan Daily Plus+ article; ;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article; ;Retaining Older Employees?

Consider, she said, incorporating the following tools into your process: ;Case studies; ;360-degree feedback; ;A talent grid (x-axis: low to high performance; y-axis: low to high potential); ;Communication/behavioral assessments; ;Formal performance/value-tracking formats; Communication also is an important step —whether formally or informally, create the conversations, and establish the cadence and content of those points of connection, observation and contact, Schielke said.

Phoenix Passes Worker Heat Safety Ordinance As reported by The Guardian , the Phoenix city council passed an ordinance in a unanimous 7-0 vote on Tuesday, March 26 requiring employers to provide access to rest, shade, water and air conditioning, as well as training on recognizing signs of heat stress .

So, if we can save 5% of those people, it comes down to x amount of dollars [in annual cost savings/avoidance].”