Highlights from the 2023 Benefits Trends Survey
The infographic shows on what Swiss employers look to enhance benefits to attract and retain talent
Highlights from the 2023 Benefits Trends Survey.
Competition for talent and flexible work arrangements are key issues influencing benefits strategy
Concerns around meeting the needs of all employees keep growing, making it the most important issue influencing benefit strategies
Flexible work arrangements as well as Career, training and development are the primary focus of the benefits portfolio
Employers look to improve their market position across wellbeing and career
Nearly half of employers are reviewing vendor contracts
Next steps for employers:
Employers look to improve their market position across wellbeing and career
Enhance. Stay ahead of the curve by benchmarking benefits against competitors and identifying areas to enhance using market studies and industry-specific survey data.
Differentiate. Understand the employee experience by listening to employees and identifying their wants and preferences. Providing employees with choice and supporting their decision making through effective communication and technology adoption will ensure benefits offerings not only feel relevant and personalised, but will also lead to better appreciation of benefits. Optimise. Get the most from current benefits by optimising financing through managing spend, reviewing vendor contracts and cutting the cost of claims through proactive management of employee absences. Streamline. Help drive efficiency through improved processes, internal operations and vendor management. Measure. Evaluate the benefits offering, and identify the changes and improvements needed to ensure better value is delivered to both employers and employees.
Highlights from the 2023 Benefits Trends Survey
Note: A maximum of three options could be selected
Key focus areas for the benefits strategy
Note: Percentages indicate “ranked top 3”
What are employer priorities to support their workforce?
Note: Percentages indicate “ranked top 3”
Percentage of employers looking to improve their benefits positions
Percentage of employers who have taken action in benefits financing
Enhance. Stay ahead of the curve by benchmarking benefits against competitors and identifying areas to enhance using market studies and industry-specific survey data.
Differentiate. Understand the employee experience by listening to employees and identifying their wants and preferences.
Providing employees with choice and supporting their decision making through effective communication and technology adoption will ensure benefits offerings not only feel relevant and personalised, but will also lead to better appreciation of benefits.
Optimise. Get the most from current benefits by optimising financing through managing spend, reviewing vendor contracts and cutting the cost of claims through proactive management of employee absences.
Streamline. Help drive efficiency through improved processes, internal operations and vendor management.
Measure. Evaluate the benefits offering, and identify the changes and improvements needed to ensure better value is delivered to both employers and employees.
