Employee benefits in state of change
July 31, 2009 by Jennifer Chait
Filed under Employment Issues, Health & Wellness
When the economy changes so do employment benefits, according to a recent survey of employers conducted by Colonial Life & Accident Insurance Company.
Colonial Life talked to over 750 human resource managers and benefits administrators at the Society for Human Resource Management (SHRM) Annual Conference in New Orleans during July. Based on current economic hardships, employers note that various changes have been occurring with regards to employee benefits. For example…
26% increased contributions from employees
12% eliminated benefits
12% offered employee-paid voluntary options
10% added benefits
9% increased employer contributions
You would expect to hear ALL bad news but it’s better than I …read more
