Error: No such template "/CustomCode/storyMod/editLink"!
Workscape Annual Benefits Study 2009 Results
$authorProfileLink
Date: $artDate
$story_actions
Benefits remains one of the most important and difficult areas of HR. It is an area where practitioners face relentless cost pressures, changes to government regulations and new service delivery options, which need to be understood and assessed.
The economic crisis adds a new dimension as employees come to realize how important benefits, especially health benefits, are. A report by the Families USA Foundation estimates that every one percentage point increase in unemployment leaves just over a million people without health insurance.1 This simple statistic is a stark reminder that the benefits that come with employment are not mere perks.
To keep on top of trends in benefits—particularly in light of what has gone on in the economy—Workscape has conducted a survey of 787 HR professionals and CEOs representing a broad range of industries and company sizes.
This survey looks at three areas:
• Cost Savings—Four specific cost-saving practices
• C ommunications—Three issues around communicating benefits information to employees
• R esponses to Economic Pressures—Data and commentary on how the current economic pressures are affecting employees and their attitudes towards benefits
In all cases the data is broken down by organization size:
• Small: <1000 employees
• Mid-sized: 1000 – 5000 employees
• Large: >5000 employees
In this study we are, in many cases, able to compare 2009 results to 2008 data to show trends.
Click here to read the entire pdf article.