Our top risk in this year’s survey is increasing health and benefit costs. This is a little surprising given that, outside the US, the global medical trend is projected to be an 11.7% rise in 2024, continuing a trend of double-digit increases every year since 2021. Canada, specifically, is projected to be 7.5% in 2024. Healthcare costs are also expected to remain high in coming years. This is an ongoing concern for senior leaders, with one in four executives in Mercer’s Global Talent Trends 2024 report saying that combating increased health and benefit costs will have the most impact on their business in 2024. To learn more, check out our People Risk 2024: Investing in your people, protecting your business report. #MercerPolls #health #benefits #healthcare
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