White Paper

Top 6 Benefit Plan Trends for 2017

In an increasingly competitive jobs market, employers are being forced to offer a wider and more comprehensive array of benefits to the prospective employees they wish to attract. This is not only vital for bringing in the best and brightest new candidates to fill positions, but also in retaining the staff members currently employed, and in securing a skilled and capable workforce for the future.

In 2012, the average worker spent only 4.4 years in their current job, with 91% of millennials stating that they would expect to remain in a position for no more than three years. The ‘career for life’ model appears to have fallen out of fashion, and this trend is showing no sign of reversing as we head into 2017.

This is why attractive benefit plans and packages are necessary for organizations who wish to retain the edge on the competition. In some cases, a complete restructuring of offered benefits may be required. Take a look at our guide for some of the benefits package trends we can expect for 2017 and beyond.

Retiree Health Plans - The population of the U.S. – and, consequently, its workforce – is aging. In 2014, there were 46.2m Americans of retirement age, translating to around 14.5% of the total population. By 2060, it is estimated that this will have more than doubled, comfortably passing the 98m mark.

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