March 27, 2024
Robotics and artificial intelligence are megatrends revolutionizing the business world, but human workers are critically needed. In today’s dynamic, post-pandemic environment, many employers are feeling the pain of a prolonged labor crunch. They are engaging in an intense competition for talent. Employers and HR professionals must tune into the employee experience and dial into employees' unique needs. The plethora of opportunities for workplace transformations range from fostering a diverse and inclusive company culture, challenging workplace ageism, offering retirement benefits such as 401(k)s, and supporting mental health and flexibility at work.
This report showcases employers' perspectives on workforce management strategies, business practices, and employee benefit offerings – and ultimately, underscores insights for gaining a competitive edge in the future of work. It also offers recommendations for employers and policymakers, and opportunities for improving retirement policy through the SECURE 2.0 Act of 2022.
Based on a 2023 survey of more than 1,800 for-profit U.S. employers with one or more employees, this report offers statistics by company size, including small (less than 100 employees), medium (100 to 400 employees), and large companies (500 or more employees). It also includes relevant comparisons from a survey of more than 5,700 workers in for-profit companies.
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