Employee Benefits Services Fort Collins CO

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Ameri Quote Insurance & Financial Services
(970) 221-1141
419 Canyon Ave, Ste 222
Fort Collins, CO
Insurance Solutions Inc
(970) 493-4030
4721 Rim Rock Way
Fort Collins, CO
Brooke Insurance
(970) 556-8368
2108 Milestone Dr, Unit 200
Fort Collins, CO
Health Insurance Associates
(970) 204-4850
5125 S College Ave, Suite B
Fort Collins, CO
Insurance Specialties LTD
(970) 490-1530
148 W Oak St
Fort Collins, CO
Aigean Financial
(970) 229-0930
2629 Redwing Rd, Ste 116
Fort Collins, CO
Centennial Benefits Group
(970) 377-6384
4812 S College Ave
Fort Collins, CO
Health Insurance for America
(970) 224-0116
2261 Shawnee Ct
Fort Collins, CO
Sage Benefit Advisors
(970) 484-1250
140 W Oak St, Ste 290
Fort Collins, CO
Mr. Bert Hermelink (RFC®), CHFC, CLU, CSA
(303) 696-6700
23493 E. Phillips Place
Aurora, CO
Strategic Advantage Financial
Education: BA, Valparaiso UniversityCLU, ChFC, The American College
Years of Experience: 40
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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