A significant proportion of the American workforce remains unprepared for the current shift in workplace benefits, as more employers give workers the responsibility to decide whether to purchase benefits such as disability, life, vision and dental insurance.
The majority of employers in the United Kingdom could be wasting the money they spend on salaries and benefits by leaving employees in the dark about the true value of the total package.
The lifestyles of today's retirees continue drawing considerable support from secure retirement income delivered by traditional pensions — an income source that will not be as widely available to future retirees.
Employees and their families are making more trips to the emergency room, urgent-care facilities and specialists' offices as relatively low co-pay costs are narrowing the gap between those and other services.
More employees view the solution to retirement savings as a simple adjustment: Work longer. But in reality, nearly two-thirds of current retirees report leaving earlier than planned due to health or disability issues.
Workers know little about group disability insurance, including important characteristics about what coverage they may have. But when given information about this financial protection benefit, 9 of 10 employees say they want this coverage and would pay for it.
To highlight the effect total rewards professionals have in their organizations, WorldatWork is announcing the first annual Total Rewards Professionals Week.
