According to Marsh, the jump is the highest since 2003, and is being driven by a number of factors—from healthcare consolidation to GLP-1s.

This HR head removed a quarter of his managers, then watched employees redesign how skill, not time in role, earns pay and growth at work.

Sometimes, performance management systems miss workers who are unchallenged and need a chance; managers should be aware of it.

The employee benefits market is increasingly shaped by trends that include regulatory volatility, shifting compliance priorities, accelerated cost pressures and ever-evolving workplace demands.