Employee Benefits Services Dublin OH

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Mr. Scott A. Lucas (RFC®), CHFC
(614) 840-9770
947 Worthington Woods Loop
Worthington, OH
Lucas Financial Services, Inc.
Education: BS
Years of Experience: 25
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Compensation Plans

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Anthem Bcbs
(800) 551-3115
6740 N High St
Columbus, OH
Access Insurance Agency
(614) 436-6008
6368 Busch Blvd, Apt 328
Columbus, OH
Brooke Franchise Corp
(614) 486-7300
1306 Grandview Ave
Columbus, OH
J Konheim & Associates Inc
(614) 471-8688
488 E Johnstown Rd
Columbus, OH
All Ohio Insurance Agency
(614) 825-0770
180 Northwoods Blvd
Columbus, OH
Auto Owners Insurance
(614) 888-2866
1105 Schrock Rd
Columbus, OH
TIA Services
(614) 545-4500
1151 Bethel Rd Ste 202
Columbus, OH
(800) 488-0134
395 E Broad St, Ste 110
Columbus, OH
Pfeifer-Ornstein Insurance
(614) 235-7050
3291 E Main St
Columbus, 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