Health Care Is No. 1 Benefits Concern, Survey Finds
Most employers have no plans to introduce a wellness program during the next 18 months.
December 30, 2004
Health Care Is No. 1 Benefits Concern, Survey Finds
The percentage of employers ranking health care costs as the most important
issue to senior management jumped from 54 percent in 2003 to 87 percent in 2004,
according to a new MetLife study.
Other benefits issues of concern for senior management include retirement
savings programs (44 percent), workers’
compensation (31 percent), retiree benefits (25 percent) and long-term
care (18 percent).
Some of the survey’s other findings:
Among companies that do not currently offer online benefits enrollment, 36
percent of employers expect to add online enrollment during the next 18
months.
Employers’ most important benefits objective is controlling costs, with 55
percent citing that as the most important goal. The next most important
objectives are improving retention (53 percent), boosting productivity (37
percent), increasing employee job satisfaction (36 percent), attracting
employees (25 percent) and helping employees make better benefits decisions (15
percent).
Only 11 percent of employers (and 20 percent of those with 1,000 or more
employees) offer a wellness program, such as efforts to help employees quit
smoking. Most employers have no plans to introduce a wellness program during the
next 18 months.
The MetLife study was conducted during the third quarter of 2004. A total of
1,528 human resources/benefits executives from companies with at least two
employees participated in the employer survey, which was fielded in September by
TNS NFO.