The shift to outsourcing benefits administration is rapidly gaining momentum as more employers slim down staff and hand off complicated administrative issues to outside experts.
The shift was apparent when Guardian Life Insurance surveyed benefits managers and employees before last year's enrollment, and found a significant year-over-year increase in the number of respondents who said they were planning to increase the use of third-party benefits services.
The information was among the findings of an extensive survey commissioned by Guardian, dubbed The Guardian Workplace Benefits Study. The annual study revealed the trend toward outsourcing is being driven by the twin factors of reducing internal costs and delegating difficult tasks to outside authorities.
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:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.