You’re probably under pressure to reduce benefits costs as your organization tries to remain competitive in the marketplace.
But don’t neglect your competitiveness in the race to attract and retain the best employees. They’re probably looking for even better benefits to offset static pay raises.
Five key issues are emerging in 2008 for compensation and benefits professionals. According to a new study ofby Prudential Financial, these issues will only grow more important between now and 2012.
1. Employees will continue to bear more financial responsibility for insurance and other benefits. Many workers already pay a larger share of their health premiums, higher deductibles and higher co-pays for doctor visits. Benefits that companies once offered as paid perks increasingly will become voluntary benefits that employees can choose to buy.
Tip: Share more information with employees about the cost of their ...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- How to Write Meeting Minutes
- Warn managers: Don't mention FMLA during discussion about discharge
- DOL grills tortilla maker, gets agreement on back pay
- Jobless spike leads to crush of résumés
- What should we include in the 'mandatory wage statements' we must give new hires?