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Step 2: Gather Data Relative data must be collected and validated.

Scenario 2: Your organization’s utilization of a particular benefit is lower than the benchmarked average, or lower than expected — but after examining the cost-benefit ratio, you might still make the determination it’s worth keeping.

He stated, “There are many issues that require regulatory clarity and stability so that the system can function properly, including (1) modernizing defined contribution plans to include alternative investments, such as private equity and cryptocurrency ; (2) the consideration of ESG [ environmental, social and governance ] factors; (3) the fiduciary rule as applied to [individual retirement account] rollovers; (4) mental health parity; (5) plan forfeitures; (6) pension risk transfers; (7) tobacco and vaccine surcharges and wellness programs; (8) managing pharmacy benefit managers and healthcare costs; and (9) cybersecurity to protect participants assets — just to name a few key issues.

Psychological empowerment can enhance performance because it increases: 1. the amount of information and control workers have over their work; 2. the level of work-related knowledge, skills and abilities possessed by employees; and 3. the level of motivation that employees have to achieve the goals of the organization.

The big rise in the minimum wage comes as the Bank of England warns that the current pace of wage growth in the broader economy, which reached around 8% earlier this year, would make it hard to return inflation to its 2% target, Reuters noted.

[Conversely, 53% were at Level 1 and 27% were at Level 2.]

Another Mercer study — Inside Employees’ Minds (IEM) — revealed just 1 in 2 U.S. women (53%) felt their career goals could be met by their current employer, lower than prior years.

According to Cascade’s report, less than 2% of questions posed to Cascade’s AI tools were about those solutions, which provides another opportunity for employers to use AI to increase engagement, Constantin said.

Notably, 66% of employers said the growing use of GLP-1 medications are impacting their approach to well-being programs such as fitness challenges and weight management, although only 2% plan to reduce or eliminate programs as a result.; ;Financial health , with educational opportunities and tools to support financial decisions offered by 92% of employers.; ;Lifestyle savings accounts and well-being incentives , averaging $600 per employee across surveyed organizations.

During that same period, though, fully on-site work and fully remote work each increased by 2%, according to the same research.