There’s a gap between companies and their workers, as employers are trying to emphasize perks like work-life balance and health care coverage, while employees are prioritizing compensation, according to a report this week from Franklin Templeton.

Most employers, 82 percent, agreed with a statement that “the workplaces of today face insatiable employees that continue to ask for more,” Franklin found. At the same time, 91 percent of companies surveyed experienced turnover rates of more than 10 percent in 2023.

Even as some employers have thrown money at benefits ranging from health care to pet insurance and financial wellness, they may not communicate those benefits very clearly to employees. And in a lot of cases, those benefits aren’t what workers prioritize. READ MORE