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Contributing factors to the healthcare cost increases , according to the survey, include: ;Increase in utilization in both healthcare services and pharmacy ; ;Rising costs of pharmacy and blockbuster emerging drugs, especially Glucagon-like peptide 1 (GLP-1) drugs , used to treat diabetes and obesity; ;Impact of delayed care continues due to COVID , resulting in more high-cost claimants than in previous years ; ;Increases in negotiated rates for hospital systems ; ; “Healthcare-related affordability has significant effects on an employee ’s financial well - being,” said Regina Ihrke, a senior director and the h ealth, eq uity and w ell - being l eader , North America , at WTW Ihrke explained healthcare cost hikes will likely surpass wage increases for the year , which then lowers employee take-home pay as well as the ability for employers to invest in other related programs and total reward s initiatives.

“Further progress will require a focus on access to senior, high-paying jobs [for women],” said Brian Levine, a partner and pay equity leader at Merit Analytics Group, an HR services firm.

Current status: Assignment pending to Senate Health and Human Services Committee.

Benefit % of Employers Who Classified Benefit as Expected % of Employees Who Classified Benefit as Expected Gap of Greater Employer Expectation Paid parental leave 55% 44% 11% Dependent care flexible spending account 36% 27% 9% Corporate wellness and fitness programs 37% 28% 9% Money management and financial planning services 32% 24% 8% Employee assistance program (EAP) 47% 39% 8% A passage in the report perhaps best summed up the findings as well as the current state for benefit offerings: “One thing is true: Benefits are more than just a package, and today’s employees expect more.”

Therefore, they typically are removed as a feature when: ;A future material modification to the equity plan requires shareholder approval;; ;A company seeks additional equity plan shares to award employees, directors and other service providers; or,; ;The current equity plan expires.; Issue 3: Run Rate Also known as the dilution rate or burn rate, this is the rate at which the share reserve is reduced each year.

The industry projections for mean total increase budgets follow a similar pattern except for banking/financial services, which is projecting a merit increase budget lower than the national average, at 3.1%, but a higher-than-average total increase budget, at 3.7%

TR pros can use Healm’s free services to set up the program and track progress.

.; ;Understand the evolution of HR from service provider to strategic operator.; ;Build executive-ready business cases for talent, compensation and people initiatives.; Webster opened her presentation discussing how the HR function is often brought into an organization only when “things start to break down,” noting how most executives have little to no experience in the people and culture function and only go to HR to “fix things.”

Look into wrapping childcare benefits with services and programs such as pet care , tutoring or college prep assistance , eldercare and support for employees caring for a loved one with an illness or disability, she said.

Additionally, clear protocols for implementing technology and AI also must be established, along with strategies for addressing security concerns and potential biases in AI systems, said John Compton, the vice president of solutions advisory at benefit services provider Alight.