If you read only headlines, you may think U.S. employers are slashing
“In contrast to media attention on the most severe cutbacks, most companies are staying the course in the benefits arena, with very few taking precipitous action right now,” says a new Towers Perrin survey of 500 firms.
One reason: Over the past decade, rising costs have forced employers to tighten their benefits belts and institute more employee cost-sharing.
But the weak economy is forcing organizations and their employees to make some tough choices, particularly in compensation and benefits. Here are seven key HR trends to look for, plus tips on how to respond:
1. More employees are delaying retirement. Persuaded by deflated retirement savings, 63% of executives say they plan to work longer than they expected to just three years ago, and 52% say they’ll stick around past age 64, says a poll by The Korn...(register to read more)
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