Work is changing and faster than most people can imagine!  AI, machine learning, automation, blockchain, virtual / augmented reality, internet of things and robotics will change all aspects of work.  And as work changes, the benefits we deliver / receive through work will change as well

​Human Resources and employees are at the intersection of these accelerating economic, technological, demographic and regulatory shifts.  These changes will impact how businesses are structured, how people work and how employees are led, managed, compensated and rewarded. Thoughtful planning, insights, alignment and decisive action is required. 

Through our expertise here at Lockton, we specialize in optimizing clients' investments in people, benefits and technology.
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At BenefitSmith, we share our thoughts, ideas and perspectives including strategies...
  • To advise employers on services and solutions that improve talent attraction, engagement and rewards
  • To balance costs and risks so as to promote growth
  • To outsource the worries associated with compliance and market benchmarking 
  

How Benefits can Drive Engagement

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According to the Bureau of Labor Statistics in June 2018, the U.S. unemployment rate fell to 3.8%. The U.S. economy hasn’t seen that level of employment since April 2000, and prior to that, 1969. Although unemployment increased slightly in July, economists report that there are more open positions in the United States than there are qualified workers to fill them. With a strong economy, the pressures on Human Resources to find and keep qualified talent while managing compensation, benefits and employee engagement are at an all-time high.
 PictureBenefits of a Multi-Generational Workforce

The health and medical needs of a working population vary based on any number of demographics. The workforce today is comprised of three major generations, each of which has a unique set of health risks and medical costs. As the needs of generations vary, so do the offerings that benefit them most.

A strong benefits package not only attracts and retains good employees, it keeps them healthy and can maximize productivity. The role of benefits for financial security and work-life balance also varies in significant ways from generation to generation.
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This whitepaper is part two of a three-part series where Lockton experts share how companies can design risk management and employee benefits programs with their multi-generational workforce in mind. 
My journey and exposure to the changing nature of work and exponential growth stemmed from listening to Simon Sinek and then Peter Diamandis on YouTube. 
If you are at all interested in these topics, this 22 minute video is worth your time investment.
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