NFP US Benefits Trend Report 2024 1362 Karen Greco / Thursday, January 18, 2024 / Categories: Employee Benefits Download the full report below Trends in Employee Benefits: Key Takeaways Employers are facing new challenges with legislation and ballooning costs. 65% of employers see price transparency as a challenge. 18% of employers see price transparency as an opportunity. 76% of employers report that it is either very or extremely important to establish a best practice fiduciary policy and practice in 2024. 21% of employers plan on increasing their benefits budget by at least 10%. 76% of employers are concerned about increasing pharmacy costs. However, 31% do not use a pharmacy consultant. Employees are struggling with stress and the current economic environment — and employers have an opportunity to better support them. 33% of employees report feeling distracted at work by non-work issues. 58% of workers are interested in mental fitness programs such as resiliency training or meditation programs. Employees need lower cost options that meet their needs, and more support in choosing benefits. 42% of employees feel their benefit offerings don’t meet their needs well. 37% of employees do not feel confident in their ability to select the benefits that best meet their needs. 56% of employees note that economic concerns will impact their benefits decisions. 38% of employees feel that economic concerns will cause them to choose a lower-cost plan. 50% of all employees have $1,000 or less in savings to cover the cost of unexpected expenses. Print Rate this article: No rating Tags Benefits Administration Documents to download 2024-US-Benefits-Trend-Report (.pdf, 2.57 MB) - 923 download(s) Related articles Finding the Right Benefits Technology Partner-8 Crucial Questions