October Edition: Pay equity and transparency in today’s workplace, thriving beyond burnout and the technology transformation in healthcare

Presenting the trends, insights and emerging stories you need in this moment.

How pay transparency leads to trust and inclusivity in the workplace

Pay equity and transparency are essential in today’s workplace as organizations work to build trust and inclusivity. Companies recognize that fair pay practices not only boost colleague satisfaction, but also attract and retain top talent. Additionally, transparency helps to reduce bias and ensure that colleagues understand how pay decisions are made.

Recognizing this shift in talent expectations, many organizations are acting now to assess and address pay disparities, often using data analytics to identify gaps. By being proactive, companies can create fair pay structures that demonstrate their commitment to equity and get ahead of regulatory pressures and societal expectations.

Preventing burnout in the workplace

With employee burnout on the rise, global employers have begun to invest in creating a supportive work environment that addresses the issue . From promoting work-life balance to encouraging open communication and providing mental health resources, more employers are prioritizing colleague well-being as they look to maximize productivity and safeguard morale.

To do so, many employers are adopting flexible work arrangements and offering wellness programs that support both physical and mental health. Regular check-ins and feedback can help identify stressors and foster a culture of support, and well-trained frontline managers can recognize signs of burnout. By equipping their people with tools to assist colleagues, employers can reduce burnout and enhance overall engagement and productivity.

Managing risks in the healthcare sector

Healthcare organizations face unique risks as they must ensure continuity of operations at the same time they are safeguarding the care of their patients. A proactive approach can help healthcare providers identify and actively reduce the impact of potential challenges, whether they are regulatory, technological or operational in nature.

As healthcare organizations look to build resilience, they should review their open operations. Colleagues can better adapt to unexpected situations and maintain continuity of care through effective training programs, solid incident response plans and a culture of safety and preparedness. Advanced tech tools and data analytics can improve risk assessment and response capabilities and yield insights into emerging risks that can help leaders make informed decisions to protect patients and assets.

Ultimately, focusing on resilience not only safeguards healthcare organizations but also enhances patient trust and satisfaction and contributes to long-term success and stability.

Meet Marsh McLennan

As Marsh McLennan recognized Hispanic and Latinx Heritage Month in October, we elevated a number of colleague voices from across our organization to celebrate their stories, contributions and accomplishments.

Included in this program was Zayri Due?as , an Oliver Wyman Human Capital Coordinator in our Mexico City office. Working across teams and practice areas, Zayri is dedicated to promoting wellness and preventing burnout. She enjoys leading workshops, colleague activities and organizations that allow her to align her personal passions and professional ambitions in support of a healthier, more fulfilling workplace.

Learn more about Zayri and all our colleagues featured for Marsh McLennan’s Hispanic and Latinx Heritage Month 2024 program .

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