Can benefits help combat the ‘talent tsunami’?

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With employee turnover on the rise thanks to a hot job market and soaring burnout rates, employers are more aggressively leveraging benefits to attract and retain talent.

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That’s according to a new report from Gallagher, which finds that with HR and talent managers anticipating a sharp increase in voluntary exits as the economy improves, there’s a sense of urgency to ensure benefit and compensation offerings appeal to the needs of current and prospective employees.

Specifically, the research finds that 71% of the nearly 4,000 employers surveyed see medical and pharmacy benefits as key assets to combat what Gallagher calls the “talent tsunami.”

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