In this month's Take 5 newsletter, I share my thoughts regarding five important issues that TMT companies should consider as they shape their employee benefits programs. Below is an excerpt:
The workplace that we know today is rapidly changing. Competition for highly skilled workers is fierce, employees have become more mobile (due, in part, to alternative work arrangements or outsourcing), and there are often several generations of employees working alongside one another with different workplace approaches and perspectives. Developing employee benefit and compensation programs that are meaningful to a diverse group of workers with varied needs will become increasingly more challenging. This month’s Take 5 discusses the following five high-level issues to consider in shaping your organization's employee benefit offerings:
- There Is a “Retirement Crisis” in America
- Healthy Employees Are More Productive and Less Likely to Be Absent
- Offer Benefits Programs that Appeal to a Multigenerational Workplace
- Prudent Outsourcing Can Assist Plan Sponsors Manage Benefit Plans
- Address Employee Benefits Early in Corporate Transactions