4 minute read
2022-2023 SHRM State of the Workplace Report
Tamar Arouchian, EVP of Sales at Dickerson Insurance Services responds Responds to Findings
According to a 2023 Society for Human Resource Management (SHRM) State of the Workplace Report, both HR professionals, employers and employees ranked “providing good health care coverage” in the top five priorities for 2023.
When it comes to finding talent, lack of good applicants and uncompetitive compensation were the most important challenges. The SHRM findings show that demand is high for benefit packages that attract and retain talent, enhance morale, and also manage costs.
SHRM FINDINGS Looking Ahead to 2023
U.S. employees report recruiting and retaining talent as among the five areas where their organization has been least effective in 2022. For 2023, employees, HR professionals and HR executives alike rank recruiting and retaining talent among their top five priorities.
• Keeping employees engaged with and working for the organization are key priorities.
• Lack of budget and time are expected to be the key barriers to success.
• Inflation is an issue that employees and organizations recognize and are planning for
• HR professionals and executives agree that training people managers and hiring are important HR plans.
SHRM PRIORITIES
Health care coverage
Both employees and HR professionals agree their organizations provide effective health care coverage (among the top five areas for both groups). Looking ahead, providing good health care coverage is ranked as a higher priority for employers than in previous years.
Mental health coverage
Mental health concerns have been a major challenge for employers in 2022. U.S. employees give their organizations higher marks for effectiveness in this area than HR professionals do, suggesting they have noticed employers’ efforts to support mental health. For 2023, both supporting employees with mental health issues and increasing mental health benefits are HR priorities.
Link to the full study:
First of all, do you agree with the SHRM findings shared here?
Yes, we at Dickerson agree with the SHRM findings. Employees feel the most important requirements when accepting a new position are Benefits and Salary. Employees want to make sure their benefits meet their needs. They want to know if their doctors are in network. How much do they pay out of pocket when seeking services? And, how much of their premium is paid by my employer? Salary has always been a crucial consideration for someone when deciding to accept a new position.
The cost of living here in California has skyrocketed, and so has the expectation of higher wages. At the same time, employers are seeing higher costs for the benefits they provide. Employers want to maintain high level benefits, but they need to contain costs so they can afford to pay higher wages. We are faced with this dilemma daily.
Our brokers come to us to help bridge that gap and offer cost-effective solutions for their clients and prospects.
What advice, resources or strategies do you as a General Agency offer brokers to help design benefit programs and services for employers to address this reality?
At Dickerson Insurance Services, an Alera Group Company, we not only specialize in individual, small group and large group medical, ancillary, and alternative funding benefits, but we also offer many resources to our broker partners.
We have Compliance solutions, HR services, online enrollment tools, true account management, and top-notch customer service.
How can brokers differentiate themselves?
Brokers can differentiate themselves by not only quoting the fully insured benefit programs but also showing alternative funding strategies and benchmarking reports that show companies what their competition is doing. This allows them to recruit and retain top talent in their specific industry. Our brokers have all these resources available to them through Dickerson and Alera.
What other messages do you want to convey to brokers? Share any insights about trends or effective strategies that you recommend.
By trusting Dickerson as your partner, we feel confident that our team can provide the high level of expertise and support an agent needs to gain, retain, and be an effective resource to their clients and prospects.
Tamar Arouchian is the EVP of Sales at Dickerson Insurance Services and has 27 years of experience in employee benefits. Tamar is committed to building a strong sales team, and her leadership drives group benefits sales within the company. Together with her team, they are committed to strengthening broker relationships with dedication, trust, and mutual understanding.
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