Pay-for-performance and higher employee health care contributions look like they’ll remain fixtures of the post-recession comp and benefits landscape. Here are 11 other trends that could take a firm hold in 2011:
1. Employee self-service. HR staffs that thinned out during the recession may stay small for good. That leaves fewer specialists—that’s you—to handle routine chores such as vacation tracking.
Tip: Let employees handle such tasks themselves, using automated, web-based systems. Many benefits providers offer online processes so employees can manage their own affairs, leaving more time for you to focus on strategic activities.
2. Penny-pinching on pension plans. Employers remain worried about their long-term pension obligations. Some strategies for cutting defined benefit pension costs: higher retirement ages, more years of service before vesting and greater employee contributions. And businesses will continue to get ou...(register to read more)