Employee Benefits Services Huntsville AL

This page provides relevant content and local businesses that can help with your search for information on Employee Benefits Services. You will find informative articles about Employee Benefits Services, including "Trends in Employee Benefits". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Huntsville, AL that can help answer your questions about Employee Benefits Services.

Colonial Life and Accident Insurance Co
(256) 533-1940
2614 Artie St SW
Huntsville, AL
 
Imperial Insurance Agency
(256) 489-4206
3225 Bob Wallace Ave SW, Ste G
Huntsville, AL
 
Cox Associates Inc
(256) 536-3024
115 Manning Dr SW, Ste B202
Huntsville, AL
 
Columbus Life Ins Co
(256) 533-3340
810 Regal Dr SW
Huntsville, AL
 
New York Life Insurance Company
(256) 533-9770
200 Clinton Ave West, Ste 600
Huntsville, AL
 
Blue Cross & Blue Shield
(256) 726-9100
495 Wynn Dr NW
Huntsville, AL
 
Grimwood Insurance Agency Inc
(256) 534-5621
711 Arcadia Cir NW
Huntsville, AL
 
American General Finance
(256) 533-5036
200 Clinton Ave W, Ste 405
Huntsville, AL
 
First Community Health Plan Inc
(256) 532-2783
699 Gallatin St SW, Ste A2
Huntsville, AL
 
Anderson Insurance Agency
(256) 851-6600
11041 Highway 231 431 N
Huntsville, AL
 

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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