Benefits' Big Impact on Employee Experience (2022-2023)
Recruitment and retention have become significantly more challenging for many organizations. Forty-nine percent of HR leaders say their company has been negatively impacted by The Great Resignation; 48 percent expect recruiting to become more difficult and 56 percent say retention has become more difficult.
Although the talent pool may seem shallow and current employees may be looking for new opportunities, there’s one common thread that can ease both HR challenges – a positive employee experience (EX). EX goes beyond potluck lunches and casual Fridays. It’s defined as any interaction an employee has at work, encompassing everything from how employees get paid to the benefits they elect (and how they elect them). Benefits, however, can do more than just boost EX – they can also give organizations a competitive advantage in an aggressive employment landscape.
