{"id":7054684,"date":"2026-09-02T12:20:47","date_gmt":"2026-09-02T12:20:47","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/insurance\/challenges-and-opportunities-within-the-employee-benefits-market\/"},"modified":"2026-09-02T12:20:47","modified_gmt":"2026-09-02T12:20:47","slug":"challenges-and-opportunities-within-the-employee-benefits-market","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7054684","title":{"rendered":"Challenges and Opportunities within the Employee Benefits Market"},"content":{"rendered":"


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2022 Mid-Market Employee Benefits Benchmarking Survey Results<\/h4>\n
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With an extremely competitive labor market, it is important for employers to recognize the challenges of the current employee benefits market and understand how to take advantage of opportunities to attract and retain talented individuals. According to Microsoft\u2019s 2022 Work Trend Index<\/a>, 39% of all workers are considering changing employers this year, while 52% of Gen Z and Millennial workers are considering a change. Another trend identified by this study is that 53% of workers prioritize their health and well-being over work more than they did prior to the COVID-19 pandemic.<\/p>\n

Given this landscape, it is now more crucial than ever for businesses to consider their peers\u2019 benefits offerings and reconsider their own to maximize their attractiveness as an employer. By utilizing benchmarking data, companies can make informed decisions about which employer-sponsored healthcare benefits strategy best aligns with their goals and gives employees the healthcare security and stability they seek.\u00a0 <\/p>\n

Each year, Scott Benefit Services, in partnership with the largest independent mid-market actuary in the U.S. (Milliman), conducts a Mid-Market Employee Benefits Benchmarking Survey to serve as a guide and valuable resource for mid-market employers. The 2022 survey results include data from nearly 24,000 companies, representing 3.8 million employees and $51.8 billion in healthcare dollars spent. In the Southeast and Virginia regions, data comes from over 350 companies, representing 115,000+ employees with an average employee count of ~350 employees.<\/p>\n

This year\u2019s results identify the following challenges and opportunities for mid-market employers:<\/p>\n

Challenges<\/h5>\n