Fortune 500 companies adjust employee benefits strategies

Amid financial instability, employers across the U.S. continue to roll out benefits to retain top talent. In interviews with Fortune, human resources executives at Fortune 500 companies indicated their focus is on one particular area: financial well-being.

The magazine interviewed nine human resources executives at companies such as AbbVie, a pharmaceutical company based in North Chicago, Ill., and Charter Communications, a Stamford, Conn.-based telecommunications company, and New York City-based Citi.

According to Fortune, the executives said they are focused more on benefits to help relieve financial stress than on offerings like catered lunches, monthly book subsidies and remote work stipends. Outside of financial wellness, they also indicated they are focused on learning and development and mental health benefits.

Tim Richmond, chief human resources officer for AbbVie, told Fortune the company is "focusing resources on understanding and acting on what makes our best talent want to stay." This includes expanding its well-being offerings, increasing caregiver leave, and boosting the number of mental health sessions and services available to workers.

The 68th Fortune 500 was released May 23, 2022, and included 77 healthcare companies.

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