Inflation is pushing gas, housing and food prices higher, hurting our frontline workers as scarce dollars split in many directions. Most of us, after all, can’t afford the upfront investment to own a Tesla, nor do we have our own gardens and cows in backyards.
The impact of a challenging economic environment has elevated the importance of benefits for the employers and employee populations we advise. We have seen employers add and improve benefits to offset inflation as raises are not able to keep pace. Benefits allow for a form of a raise without increasing payroll taxes or work comp premiums, so that is a big win for employers that are still fighting the Great Resignation and struggling to find help.
