Expert Opinion

3 ways millennials and Gen Z will put pressure on benefit costs

As these generations make up a greater percentage of the workforce, employers will need to re-evaluate their health and employee benefits offerings.

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Using insights stemming from ACA compliance and reporting data, employers can gain a deeper understanding of how to use benefits and operational strategies to optimize their workforce. (Photo: Shutterstock)

In tracking employer benefits offerings for compliance, the Affordable Care Act (ACA) did something unheard of in the past: it required employers to aggregate and better manage complex workforce data from unrelated payroll, benefits administration and HRIS systems. This data aggregation brought with it many new opportunities for employer groups: With new insights stemming from ACA compliance and reporting data, employers can gain a deeper understanding of how to use benefits and operational strategies to optimize their workforce.

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