Employee Benefits Services Hopkins MN
James L. Gruning (RFC®), MBA
2005 Fountain Lane North
Gruning Financial LLC
Education: BA Political ScienceMBA Finance & Marketing
Years of Experience: 43
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans
Data Provided By:
701 Xenia Ave. S., Ste. 400
3033 Excelsior Blvd, Ste 10
Ultimate Staffing - Eden Prairie
6385 Old Shady Oak Rd., Ste. 295
Eden Prairie, MN
4800 Olson Memorial Hwy., Ste. 150
Jeffery L. Stein (RFC®), LUTCF
100 Washington Ave Suite 1700
Stein Financial Group
Years of Experience: 25
IARFC, MDRT, NAIFA
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans
Data Provided By:
Allianz Life Insurance Company of North America
5701 Golden Hills Dr
The Portal Group, LLC
7401 Metro Ave., Ste. 145
7201 W 78th St, Ste 100
Bankers Life & Casualty Co
4940 Viking Dr, Ste 530
Data Provided By:
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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