INSURICA Employee Benefits Insights

Artificial intelligence (AI) and data science are having a transformative impact on workplace safety. By utilizing cutting-edge technology, companies can analyze their operations and workforce to identify risks specific to their organization, creating tailored solutions that go beyond general safety measures.

The COVID-19 pandemic has had far-reaching effects on the world of work, including a rapid shift in employee benefits needs and preferences. Employers are now recognizing the importance of reconsidering their offerings to accommodate both onsite and remote employees. By providing varied, flexible, and accessible options, companies can ensure their employees are well-supported regardless of their work location.

President Joe Biden recently proposed a $325 billion federal paid family and medical leave program as part of his $6.8 trillion budget plan for the fiscal year 2024. Despite the president’s push for extended family support and paid time off, the program’s passage faces uncertainty due to anticipated opposition from Republican lawmakers. Nonetheless, the proposal is expected to spark broader discussions about providing employees with paid leave.

Employers across various industries face unprecedented challenges as they deal with the surge in employee absences caused by the simultaneous spread of COVID-19, flu, and respiratory syncytial virus (RSV). This triple threat has been dubbed the “tripledemic,” and it tests organizations’ capacity to maintain productivity and employee morale.

On March 20, President Joe Biden vetoed the US Senate’s vote to overturn the Environmental, Social, and Governance (ESG) rule, which allows retirement plan fiduciaries to consider ESG factors when selecting investments. The Senate’s vote followed the US House of Representatives’ approval of an identical resolution on February 28.