American workers are reassessing the approach they want to take with their work life and careers, their loyalty to their organization, and what they expect from their employer. While financial reward is still a top priority, they are thinking more holistically about their experience at work and the benefits that they prioritize according to KPMG’s American Worker Survey.
ASE has released the results of its 2022 Michigan Compensation Survey, which reveals that low unemployment, sluggish labor participation, and unprecedented employee turnover have accelerated the wages and salaries of local employers. Data from the most recent ASE compensation survey shows that overall wage growth, based on a matched sample of companies (referred to as a constant sample) was 4.0% compared to just 2.1% in 2021.
ASE recently published the results to its biennial Policies and Practices Survey. Survey results are broken into six major categories and are based on three employer sizes in both the National and Michigan (a subset of the national report) editions. Nearly 100 Michigan employers participated in the 2022 edition, and 189 questions were answered regarding human resource policies and employment practices.
Nearly 180 million Americans have employer-provided health insurance coverage, and 40% of them are covered by a Consumer-Directed Health Plan (CDHP), which combine a high-deductible plan with a tax advantaged health savings account (HSA).
New sources of talent and changes in skills required to get work done are needed to address ongoing labor market challenges, according to an increasing number of employers in WTW’s recently released Reimagining Work and Rewards Survey.
ASE recently published the results to its biennial Policies and Benefits Survey. Survey results are broken into nine major categories and are based on three employer sizes in both the National and Michigan (a subset of the national report) editions. Over 125 Michigan employers participated in the 2021/2022 edition, and 332 questions were answered regarding human resource policies and employee benefit offerings.
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