In 2015, consulting firm McKinsey & Company published the groundbreaking study: “Why Diversity Matters.” For the first time, research uncovered a direct correlation between diversity and financial performance.
Technology innovation has been driving rapid change within the insurance industry – and accelerated even more over the last year. The rise of AI (artificial intelligence) alone is having a direct impact on insurance purchasing, underwriting and claims.
More Americans are interested in life insurance, after the past year of living through a global pandemic. According to LIMRA’s 2021 Insurance Barometer Study, 31 percent of consumers report they’re more likely to buy life insurance because of COVID-19.
As COVID-19 infections in the U.S. decline and the numbers of vaccinated people steadily rise, companies are rushing to firm up return-to-office plans for millions of employees who've been working from home since March 2020.
The number of Americans owing money for sizable student loans has soared to 45 million — a 116 percent increase over the last decade.1 For employers hiring newly minted college graduates burdened with loan debt, this is an opportunity to attract and retain the best employees with benefits that help reduce college loan repayment.
In just the past few years, data analytics have become an essential tool for savvy benefits managers who want to follow how employees are using their benefits. Armed with real-time data insights, managers can use this information to help reveal coverage gaps.
There’s no doubt the coronavirus pandemic has accelerated the transformation of digital technology across nearly every industry. For corporate benefits managers, digital transformation initiatives have made it possible to efficiently conduct virtual benefits fairs and provide decision support tools designed to educate and help employees opt for the most cost-effective benefits.
Last year, many companies shifted to allow employees to work from home amid the pandemic. But employers are noticing that shift has also led to an increase in mental health challenges — as emotional and financial stress continue to take a toll on employees with COVID-19 stretching into 2021.
A new year has arrived! Many are hoping 2021 will be better, but challenges remain. For example, it’s likely employee financial stress will continue to be evident in the wake of COVID-19. The good news is, companies are noticing their employees are feeling financially stressed — and taking action.