Employee Benefits Services Beaverton OR

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Mr. Michael A. Smolak (RFC®), MBA
(503) 445-2626
5901 SW Macadam Avenue, Suite 135
Portland, OR
Company
Dimension Resources
Qualifications
Education: BSMEMBA
Years of Experience: 26
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Asset Protection

Data Provided By:
Supplemental Benefit Solutions Inc
(503) 620-6406
7160 SW Fir Loop, Ste 103
Portland, OR
 
Employee Benefit Design
(503) 924-5055
7128 Sw Gonzaga St
Portland, OR
 
Eric Hukari Insurance Agency
(503) 254-1010
5440 SW Westgate Dr, Suite 345
Portland, OR
 
Benefit Communications and Strategies
(503) 246-6766
10175 Sw Barbur Blvd
Portland, OR
 
Employee Benefits Incorporated
(503) 297-6658
8835 Sw Canyon Ln
Portland, OR
 
HR Support Inc
(503) 646-5716
1225 Northwest Murray Rd
Portland, OR
 
Coordinated Resources Group Inc
(503) 297-8401
5440 SW Westgate Dr, Ste 320
Portland, OR
 
Coordinated Resources Group Incorporated
(503) 297-8401
5440 Sw Westgate Dr
Portland, OR
 
Fringe Insurance Services
(503) 977-9462
4380 Sw Macadam Ave
Portland, OR
 
Data Provided By:

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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