In a Harvard Business Review Analytic Services and Unum survey, human resources leaders said that as businesses recover from the recession, chief challenges will be demonstrating to employees their value as they deal with the effects of health care reform.
Other top challenges are managing benefit costs, boosting employee engagement and retaining quality employees.
Almost 40 percent of those surveyed said they witnessed changes in their company's medical benefits carrier or design during the difficult economy of the last two years. Among them, 35 percent saw a staff reduction of more than 10 percent. Thirty-six percent saw a transfer of benefits costs from employer to employee, and more than 25 percent saw a reduction in human resources staff.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
