May 2, 2023

Employers are adapting to the future of work while navigating a turbulent economy, competitive labor market, and evolving workplace trends. Employers feel responsible for helping their employees with professional development, work-life balance, mental health, long-term health and well-being, and retirement security. However, few employers are reflecting this sense of responsibility in actual benefit offerings and business practices. This research report examines employers’ benefit offerings, identifies employees unmet needs, and outlines recommendations for employers to stand out in the evolving employment landscape such as best practices for the multigenerational workforce and changes to retirement savings plans from the SECURE 2.0 Act of 2022. 

This report is based on a 2022 survey of more than 1,800 for-profit U.S. employers with one or more employees and offers analysis by company size, including small (less than 100 employees), medium (100 to 400 employees), and large companies (500 or more employees). It also includes relevant comparisons from a survey of 5,700 workers in for-profit companies.