Employee Benefits Services Boulder City NV
American National Insurance
334 S Water St, Ste B
Leslie Jerry Cfp Chfc
440 Mountain View Rd
Doroshow Insurance Company
8975 S Pecos Rd, Ste 6B
Doroshow Insurance, Inc.
8975 S Pecos Rd Ste
Mark A Martinez & Associates
229 Chaco Canyon Dr
Primerica Financial Services
7585 Commercial Way
Massi Insurance Services, Inc
1489 W Warm Springs Rd, Ste. 110
Benefit Resources-Georges Maalouf
2285 Corporate Cir Ste 140
Humana Inc-Guidance Center
1000 N Green Valley Pkwy Ste 720
Maalouf Benefit Resources-Kim
2285 Corporate Cir
Trends in Employee Benefits
Not surprisingly, the insecurity about the future of the global economy is affecting employers’ benefits offerings.
By Joyce Gioia-Herman
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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