2024 Employee Benefits Market Outlook 2 Table of Contents Executive Summary ................................................................................................ 3 2024 Outlook ........................................................................................................... 5 Rising Health Care Costs ..........................................................................................................................................5 Shifting Labor Market and Talent Trends .............................................................................................................7 2024 Labor Market Preview ..............................................................................................................................................7 2024 Labor and Talent Trends ...........................................................................................................................................7 Continuing Litigation and Compliance Challenges ........................................................................................... 9 Expanding State Paid Leave Mandates ...............................................................................................................11 Increasing EEOC Enforcement Activity ............................................................................................................... 13 Managing Costly Prescription Drugs and Gene and Cell Therapy ............................................................... 15 Preparing for the DOL’s New Overtime Rule .................................................................................................... 16 Improving Access to Mental Health Care ........................................................................................................... 18 Embracing Innovative Solutions for Student Loan Debt Relief ..................................................................... 19 Increased Adoption of Fertility and Family-building Benefits ......................................................................................................................................... 21 Improving Access to Preventive Care Services ................................................................................................. 23 Shifting Dynamics Leads to More In-person Work ..........................................................................................25 Conclusion .............................................................................................................. 27