Case Study

Retain and Recruit Employees

Retain and Recruit Employees

In today's job market, beyond competitive salaries and paid time off, employees highly value health benefits due to rising healthcare costs. With unemployment at low levels, such as 3% in South Dakota, and health care spending in the U.S. reaching $3.8 trillion in 2019, the importance of health benefits is amplified. Out-of-pocket healthcare spending increased by 4.6% in 2019, and 20% of employers responded by enhancing benefits. Health insurance premiums rose by 22% between 2014 and 2019, outstripping earnings and inflation increases, highlighting the necessity of benefits for cost reduction and security. Businesses like Klock Werks prioritize offering health insurance, with Klock emphasizing the elimination of worry over medical costs to keep employees focused.

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