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Cost control to meet inflation leads 2023 U.S. employee benefits trends

Individuals 08.20.2023 2 MIN

To attract and retain talent in a tight labor market while helping employees address ever-climbing healthcare and other costs, U.S. employers are pursuing innovative ways to improve their comprehensive employee benefit plans with additional wellness benefits, according to the Goldman Sachs Ayco 2023 Benefits & Compensation Trends in Corporate America Report.

View the Goldman Sachs Ayco 2023 Report

Following open enrollment last year, our Benefits & Compensation team analyzed the benefits offered at 400 companies where we provide corporate-sponsored financial counseling. The most common themes that emerged for 2023 are: inflation-driven cost control; and diverse and equitable benefits for retention and recruiting. These trends build on findings from our 2022 analysis, which showed a focus on expanding mental and financial health benefits adding a diverse mix of voluntary benefit programs and expanding family planning and caregiver benefits.  

In this report, we cover trends around:

  • How companies are helping employees battle inflation
  • Voluntary and ancillary benefits offerings
  • Updates to paid leave policies
  • Non-qualified deferral plan design

Read the full report for our 2023 insights.


Offering a financial wellness benefit reflects your company’s culture and shows your employees you value them. Interested in learning more about how we can serve as an extension of your HR team to help your workforce maximize the value of their benefits and compensation while supporting their comprehensive financial needs? Contact us.