Thanks to the country’s ongoing economic recovery, the job market now firmly favors job seekers. Perhaps it’s no surprise, then, that two-thirds of U.S. businesses report difficulty recruiting new employees.
That’s the latest finding from the Society for Human Resource Management (SHRM)’s annual Employee Benefits survey. Titled “2017 Employee Benefits: Remaining Competitive in a Challenging Talent Marketplace,” the report examines more than 3,000 businesses’ attitudes and current offerings as they relate to employee benefits.
Among other findings, the report suggests businesses have responded to the tough hiring conditions by improving their benefits packages. In fact, nearly one-third of organizations have upped their benefits offerings to remain competitive in the marketplace.
Given that benefits are second only to wages in influencing where employees choose to work, this move is the right one. What the business offers and how they offer it, though, matters just as much as the decision to enhance the overall package.
In this post, we’ll examine relevant findings from the SHRM study and use them to make conclusions about the role benefits will play in the talent marketplace of the coming year.
