By HTF Market Intelligence Consulting Private Limited

12/16/2024 According to HTF Market Intelligence, the global Employee Benefits market is valued at USD 55,368 Million in 2023 and is estimated to reach a revenue of USD 77,784.01 Million by 2030, with a CAGR of 4.34% from 2023 to 2030.
Employee Benefits Market Overview

Employee Benefits is the administrative process that gives indirect and non-cash compensation to an employee. These services are given to employees over their salaries and wages. Benefit Administration creates, manages, and updates an organization's employee benefits. They are offered group insurance (health, dental, life,etc.) retirement benefits, education loans, other loans (house loans, vehicle loans, etc), sick leaves, vacation, and flexible alternative arrangements.
Some of the companies listed in the study from the complete survey list are Aon plc (United Kingdom), Willis Towers Watson (United Kingdom), Marsh & McLennan Companies, Inc. (United States), Gallagher (United States), AXA (France), Zurich Insurance Group (Switzerland), Allianz SE (Germany), Prudential Financial Inc. (United States), MetLife, Inc. (United States), Manulife Financial Corporation (Canada).
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Market Trends
Emerging trends of Flexible work culture
Market Drivers
Many Countries kept mandatory to provide employee benefits
Market Opportunities:
Rising Industries who gives Employee Benefits
Employee Benefits Market Segmentation
The Employee Benefits Market is Segmented by Application (Healthcare, IT and Telecom, Defense, BFSI, Hospitality, Manufacturing, others) by Type (Health Insurance, Retirement Savings Plan, Unemployment Insurance, Childcare and Family Benefits, Others) by Enterprise Size (Small Businesses, Medium-Sized Enterprises, Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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