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.

New research from employee benefits provider Unum shows over half (56%) of U.S. workers, primarily Millennials and Gen Z, felt mentally unwell in the previous year. Additionally, 42% of employees said they needed to take time off from work to deal with their mental health. Fortunately, 71% of workers believe their employer is more concerned about employees’ mental health than they were in the past according to the recently released 2022 Work and Well-being Survey from American...

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’s partner, McLean & Company, has released the ASE edition of its 2022 HR Trends Report. This report highlights ways traditional HR practices and assumptions are being challenged as we transition into this new decade. The report identified four HR trends for 2022:

In the recently released 2022 National Business Trends Survey from the Employer Associations of America (EAA), business executives indicate a fair amount of caution mixed with optimism for the 2022 outlook. Results show 31% of executives believe the economy will improve, and 41% expect the overall outlook for the 2022 economy to remain the same.

ASE recently published the results to its Pay Administration Survey. Survey results are broken into five categories and are based on three employer sizes and two industry types. Over 110 Michigan employers participated in the 2021 edition. Most respondents (83%) have an employment size of 500 employees or less, with nearly 60% being a part of the manufacturing sector and over 40% working in the combined services sector. A little more than half of the respondents are Automotive Suppliers...

As businesses manage the ongoing impact of the COVID-19 pandemic, employers have increased their focus on creating benefit programs that address the evolving needs of their diverse workforces, especially mental/emotional health, work/life balance, and financial health. Moreover, 80% of employers report that diversity, equity, and inclusion influence their corporate well-being strategies. This is according to Fidelity Investments® and Business Group on Health’s Employer-Sponsored...

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.

The impact of the pandemic, and its resulting recession, created many challenges for employers.  While compliance and safety may have taken center stage, employee rewards and wages were also affected by COVID-19.  Data from the most recent ASE compensation survey shows that overall wage growth in Michigan, based on a matched sample of companies (referred to as a constant sample), was just 2.1%.