Morgan Stanley at Work, State of the Workplace III Report, 2023 S&P 500® Companies Represented includes companies for which Morgan Stanley at Work provides equity compensation solutions as of March 2023. ![]() Statistics refer to equity compensation administration services for Shareworks and Equity Edge Online®. Coming out of our 2023 Thrive conference, the bottom line is that the stakes for companies and their employees are high, and we at Morgan Stanley at Work will continue to make the right investments in our offering to ensure we can continue to deliver for our clients when and how they need it-no matter what the markets or the economy may bring." ![]() "We are being intentional about helping our clients and their employees maximize the value of their benefits to build resilience while navigating sometimes painful change. "Today’s environment is underscoring the power of a holistic approach to benefits, especially as many companies and their employees turn to their workplace as a ballast against economic challenges," said Brian McDonald, Head of Morgan Stanley at Work. ![]() This technology, which is also used by world leaders to connect with audiences around the globe, allowed over 100 attendees to have one on one consultations like they were right in the Advisor’s office. In addition, attendees could speak live with a Financial Advisor through a hologram portal. The conference also featured Client Advisory Board meetings, 75+ education sessions (85% offering CE), platform demos, and eight hands-on labs, taking place over three days at the JW Marriott Aventura Florida. The 2023 Thrive client conference was the largest ever, welcoming 714 equity compensation professionals from around the globe-including both private and public companies from the US and Canada. Service, the employee experience, and benefits education are growing more important as employees increasingly turn to their workplace benefits. For example, Morgan Stanley at Work saw an increase in client requests for support with participant education in 2023, and also saw employees increasingly raise their hands to ask an advisor for help with their financial goals.Įven as automation and robotics tools help create faster, more streamlined workplace processes, the need for human solutions for complex situations isn’t going away. Therefore, companies are doubling down on their communication and education strategies amid concerns that benefits are not properly reaching employees going through financial challenges. Increasing education and awareness around the various streams of support is key. One common thread emerging across sectors is that many younger employees have never lived through this type of economic environment before and are seeking greater support and education regarding their benefits. 2Īdditionally, volatility is playing out differently in various corners of the globe and the economy-for example, private companies face liquidity challenges and reduced valuations, while multinational companies must solve for employee needs and navigate differing regulations around the world. There is a marked correlation between financial benefits and talent retention, yet companies have pulled back on offerings to prepare for a possible recession-even though HR leaders and employees agree that employers should step up support. For example:Īccording to Morgan Stanley at Work’s State of the Workplace 2023 report, the environment is having a significant impact on the workplace, with employees paying closer attention to financial benefits. In fact, workplace financial benefits such as equity compensation, financial wellness, and retirement are playing an ever-more influential role as companies and employees alike face continued belt tightening. NEW YORK, June 12, 2023-( BUSINESS WIRE)- Morgan Stanley at Work today announced takeaways from its 2023 Thrive conference in Aventura, Florida-including thought leadership, technology enhancements, and benefits solutions that emphasize how companies can work smarter to adapt and do more with less amid economic instability.Īs inflation and market uncertainty continue, Morgan Stanley at Work drew on insights and trends among its 24,000+ corporate clients and ~12M total workplace participants-which include over 40% of the S&P 500 and nearly 60% of the Nasdaq 100 1-to present findings at Thrive that confirm the increasingly strategic significance of workplace benefits. ![]() Amid macro shifts and market uncertainty, Morgan Stanley at Work’s Thrive conference underscored business urgency and creative solutions for strategic workplace benefits and employee engagement.
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