Lockton launches new practice to tackle ‘challenging’ marketplace

Global re/insurance broker  Lockton has launched a new practice designed to “better meet client needs” in the current changing and challenging marketplace.

The brokerage and consulting group has launched Lockton People Solutions.

The new practice consists of solutions supporting clients in the areas of employee experiences and engagement, total rewards and benefits, and measurement and management of their programmes.

Lockton said the launch comes at a time when the way people work is being challenged, and employers are under increasing pressure to attract and retain their talent. It believed companies must now not only offer compelling benefits packages but also create positive employee experiences and drive engagement, understanding and satisfaction. And they must do this while continuing to find efficiencies.

“How we talk about our business needed to evolve to better reflect today’s changing marketplace and how we advise and support our clients,” said Tom Schaffler, Lockton’s People Solutions executive committee chairman in the US.

“More than simply managing benefits programmes, employers around the world need help engaging their workforce, recruiting and retaining talent, and driving efficiency for their business. Lockton People Solutions better reflects how we help our clients achieve these goals.”

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