The 2024 Lockton Survey includes responses from more than 1,600 employers from a variety of industries and group sizes, with different philosophies and priorities as they look to offer competitive benefit programs while managing growing costs.

With a cooling labor market and broad economic factors including rising healthcare costs, employers are increasingly prioritizing reducing costs as a factor in making benefit decisions. Yet even as reducing costs is virtually on par with attracting and retaining talent as a priority, the survey shows that strategies employers are deploying tend to be more conservative.

Lockton’s sixth annual National Benefits Survey discusses the challenge facing employers: continue to offer competitive benefit programs to attract and retain talent while managing growing costs.

To gain further insights into the 2024 survey findings, you can access the executive summary here (opens a new window).