Employee Benefits Services Akron OH

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Mr. James Kotagides (RFC®), MBA
(330) 491-2220
4700 Dressler Road N.W.
Canton, OH
TTG Financial
Years of Experience: 10
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CommOptions, Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Asset Protection, BuySell, Compensation Plans

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(330) 864-2886
1067 W Exchange St
Akron, OH
(330) 670-3500
350 Springdale Dr
Akron, OH
Correctional Health Services
(330) 375-0876
15 Frederick Ave
Akron, OH
Associated Underwriters Insurance Agency Inc
(330) 645-6338
2876 S Arlington Rd
Akron, OH
Ohio Health Plan
(330) 454-3168
168 E Market St
Akron, OH
Nine Insurance Agency Inc
(330) 753-1006
795 Russell Ave
Akron, OH
Auto Owners Insurance
(330) 869-6452
787 White Pond Dr, Ste B
Akron, OH
Brokers of Northern Ohio
(330) 867-4650
1237 Weathervane Ln, Apt 2C
Akron, OH
Don Vought Insurance Agency
(330) 644-3738
3811 Bay Path Dr
Akron, OH
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Trends in Employee Benefits

Not surprisingly, the insecurity about the future of the global economy is affecting employers’ benefits offerings.

According to a recent study by the Society for Human Resource Management (SHRM), uneven economic growth and related uncertainties about the nation’s fiscal health are having an impact on benefits offerings.

As fewer employers offer defined-benefit pension plans and more are using other savings plans, they continue to shift more of the cost burden to their employees. Other benefits offerings that have taken a hit include employee services, like mentoring programs and professional development opportunities, and housing and relocation benefits.

Employers are watching their bottom lines more attentively, and the variety of benefits offerings has changed with slow-growth. In 2011, 77 percent of HR professionals said their employee benefits offerings were negatively affected by the economy, according to the SHRM 2011 Employee Benefits Research Report. That is a 5 percent increase from 72 percent in 2010. Employers have kept the foundational benefits of paid holidays, life insurance, prescription drug program coverage and dental insurance, while reducing other health-care-related offerings such as long-term care insurance, health maintenance organization plans and retiree health coverage.

The most interesting aspect of these results is the effect on job satisfaction. In both 2009 and 2010, 60 percent of respondents cited benefits as a “very important” factor when ranking elements that contribute to their job satisfaction. That trend changed in 2011, only 53 percent of respondents cited benefits as very important for job satisfaction. Other factors deemed more significant were job security (62 percent), opportunities to use skills/abilities (60 percent), compensation/pay (59 percent) and relationship with immediate supervisor (55 percent).

Because employees are receiving fewer offerings or pa...

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Babcox Media • www.babcox.com
3550 Embassy Parkway
Akron, OH 44333
330-670-1234 • (FAX) 330-670-0874