11 October 2022Analysis

Lockton rebrands EB practice

Insurance brokerage and consulting group Lockton Companies has rebranded its employee benefits practice into Lockton People Solutions.

Lockton’s People Solutions practice consists of solutions supporting its clients in the areas of employee experiences and engagement, total rewards and benefits, and measurement and management of their programs.

“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 programs, 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.”

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