CDH Account Trends: Tax-Advantaged Account Usage, Outlook and Perceptions

In today’s energy industry, compensation challenges seem to be the largest frown face on the pain chart. Given the dynamic pressures facing boards and management teams, it’s easy to understand why this is the case. Combine a tight labor market, especially for engineering talent in the energy market, along with energy investor pressures, commodity price volatility, private equity competition for talent, and shifts in energy transition strategies, and it’s easy to understand that solving the compensation formula is nearly as complex as turning natural resources into profitable energy. Adopting refined compensation philosophies, competitive compensation and benefit packages, and concise communications are essential components to solve the complex challenges of attracting and retaining top talent in the energy industry. Getting good market data is typically the number one challenge for most energy companies. ECI has been recognized as the gold standard for E&P compensation and benefit data for the last three decades. Now expanding back into services, midstream and alternative energy segments, ECI can serve as the backbone for determining current and future market positioning. The 2024 ECI Survey Report excerpt (download to access) provides snapshots of ECI data for illustration purposes. The following is an excerpt from the 2024 ECI Survey Report for a snapshot of the types of data captured within the survey. To learn more about how to become a participant in one of Zayla’s surveys or purchase market pricing, visit www.zayla.com/ecisurveys or give us a call at 832-363-5089.

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Manufacturing environments present unique challenges when it comes to employee health and safety. High-risk tasks, physically demanding roles and potential exposure to workplace hazards make immediate access to quality medical care essential for maintaining a productive workforce. Without onsite healthcare support, minor injuries can escalate, leading to increased downtime and costly workers’ compensation claims. At TEREX Corporation, these challenges were met head-on with the implementation of a Medcor onsite clinic. By providing immediate medical attention at the job site, TEREX reduced OSHA recordable incidents and lowered overall healthcare costs, ensuring employees received the right care at the right time. The clinic’s proactive approach helped address injuries early, reducing unnecessary offsite referrals and improving overall workforce health outcomes. Data from Medcor’s partnership with TEREX demonstrates how an onsite clinic can positively impact operations by streamlining injury management, promoting a culture of safety and delivering significant cost savings. Download the case study to explore how onsite clinics can transform your workplace health strategy.

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Our March Health & Wellness Newsletter is designed to keep employees energized, focused, and balanced, with a diverse range of topics that promote overall well-being. But here's the catch – is your current benefits broker going the extra mile to provide resources like this for your team? This month's edition highlights the importance of preventative health screenings, the critical link between diet and mental health, and ways to improve employee well-being. Don’t settle for the basics – discover what your broker might not be offering.

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