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As many employers begin to plan for their 2021 compensation, one topic is top-of-mind: resilience.
The financial recession created by the coronavirus has impacted the economic standing of companies nationwide. A poll by Fidelity Investments showed that 69% of firms were re-balancing existing dollars to address new needs, cutting benefits substantially or preserving cash at all costs in response to the impact of COVID-19.
Maddy Simpson is a reporter for Employee Benefit News and Employee Benefit Adviser. Contact her at madeline (dot) simpson (@) arizent (dot) com.
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