Benefits administration iscoming to the fore as an area where savings can be made, but aone-size-fits-all approach to benefits will simply not do. (Photo:Shutterstock)

The rising cost of employee benefits can no longer be ignored.Mercer's National Survey of Employer-Sponsored Health Plans2017 showed that, for example, employers are struggling tocontrol the cost of pharmaceuticals, which is due to rise more than7 percent by the end of 2018. Our Global Employee Benefits Watch report alsofound that achieving “tighter control of global costs” has becomean even higher priority initiative in the last year for63 percent of respondents. Benefits administration is comingto the fore as an area where savings can be made, but a one-size-fits-all approach to benefits willsimply not do.

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