Time & Attendance
Prevent Call Outs
Implementation & Launch
By Staff Report
Aug. 5, 2011
Virtually all employers—96 percent—say their employees need guidance to make sound benefits decisions and education to help workers understand changes in their benefits programs, yet less than one-quarter—23 percent—say their company’s benefits education efforts are very effective, according to a survey taken at the recent Society for Human Resource Management conference.
The survey, conducted by Colonial Life & Accident Insurance Co., also found that just over half—51 percent—of employers plan to increase employees’ share of health insurance premiums, while nearly half—49 percent—are increasing deductibles and copayments in response to the rising cost of health care.
“Not surprisingly, employee benefits have taken a hit as companies wrestle with the rising cost of providing health coverage to their workforce,” said Randy Horn, president and CEO of Columbia, South Carolina-based Colonial Life, in a written statement.
Among other survey findings:
• 25 percent of employers are adding consumer-driven health plans.
• 21 percent are adding voluntary benefits options.
• 13.4 percent are eliminating some other benefit.
The survey included responses from more than 750 human resources managers and benefit managers attending the annual SHRM conference in Las Vegas in June.
Filed by Joanne Wojcik of Business Insurance, a sister publication of Workforce Management. To comment, email email@example.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
Schedule, engage, and pay your staff in one system with Workforce.com.
federal law, minimum wage, pay rates, state law, wage law compliance
Staffing Management4 proven steps for tackling employee absenteeism
absence management, Employee scheduling software, predictive scheduling, shift bid, shift swapping
Time and Attendance8 ways to reduce overtime and labor costs
labor costs, overtime, scheduling, time tracking, work hours
Don't miss out on the latest tactics and insights at the forefront of HR.