Inflation is a retention concern for public entities because employees — locked into paying higher prices for essentials — are tempted to look for different jobs with better pay. To contain turnover in this challenging labor market, public entities need creative solutions for stabilizing costs, stretching compensation dollars and highlighting the value of generous employee benefits.
Access to benefits, programs and resources through an improved HR infrastructure simplifies the experience for employees and retirees, and can help alleviate the administrative burden on staff. Seamless integration with the benefits administration platform further streamlines performance.
Our research found that the top total rewards aspects enhanced to meet recruitment and retention objectives include:
- Base salary
- Wellbeing initiatives
- Leave policies
- Medical benefits
- Voluntary or supplemental benefits
Download the Public Entity addendum to review the comprehensive findings and insights.
Learn more about Public Entity Consulting by visiting www.ajg.com/publicsectorbenefits.