Health care costs are on the rise and both employers and employees have seen steady increases in health insurance costs over the last year. Now, organizations must grapple with rising expenses and how to prioritize employee wellbeing in a shifting labor market.
A new study by Optavise, an employee administration, benefits and HR solutions company, found that half of employers say inflation affected what benefits they are able to offer in 2024. Many employers say they want to offer more benefits but worry about cost amidst broader economic concerns. Sixty-two percent of employers said that cost was the biggest challenge in adding new benefits to their packages.
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.
