Employee Benefits Services Sioux Falls SD

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 Sioux Falls, SD that can help answer your questions about Employee Benefits Services.

Prins Insurance Of Sioux Falls Inc
(605) 332-5300
5517 N Cliff Av
Sioux Falls, SD
Boen & Associates, Inc
(605) 336-0425
307 West 41st Street
Sioux Falls, SD
(605) 334-3307
101 W 37th St
Sioux Falls, SD
Insurance Connection
(605) 339-3147
1412 S Minnesota Av
Sioux Falls, SD
Brenner & Justice Insurance Inc
(605) 362-8200
3701 W 49th St, Ste 202
Sioux Falls, SD
Howalt-McDowell Insurance Inc
(605) 339-3874
300 N. Cherapa Place, Ste 601
Sioux Falls, SD
(800) 604-4004
2600 W 49th St
Sioux Falls, SD
Elkjer Agency
(605) 977-0770
2310 W 41st St, Ste 101
Sioux Falls, SD
Best Insurance
(605) 361-6642
5201 W 41st St, Suite 201
Sioux Falls, SD
Avera Health Plans
(605) 322-4545
3900 W Avera Dr, Ste 200
Sioux Falls, SD

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