When it comes to affecting total reward decisions, 58 percent of respondents say employee benefits are the top consideration, according to the 2012/2013 Verisight and McGladrey Compensation, Retirement and Benefits Trends Survey.
Because of this, respondents are balancing the need to manage costs with the hope to attract employees at 47 percent and retain employees at 48 percent.
"As the dust from the economic crisis slowly settles, business leaders are challenged with rising benefits costs, evolving health care reform, calls for increased transparency and regulatory changes," says Martha Sadler, managing director of Verisight Inc. "Despite this strained economic backdrop, decision makers are staying the course when it comes to total rewards for employees. In general, leaders are being asked to do more with less, and this directive is defining current practices in compensation, retirement, and health and welfare benefits programs."
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.
