 |
Benefits Costlier Than Ever
Health care, retirement payments and paid time are devouring payroll budgets, a study says.
Benefits Headache: As if they
didn’t know already, the U.S. Chamber of Commerce has some sobering news for HR
directors: The cost of providing employee benefits is soaring and not expected
to slacken anytime soon. Employee benefit costs rose 4 percent during 2006,
consuming nearly half of all payroll expenses (44 percent), according to a
Chamber of Commerce study involving about 400 U.S. companies. Nearly 15 percent
was eaten up by medical insurance, and almost 9 percent by retirement
obligations. Containing benefit costs is one of several
major challenges ahead for HR
leaders. —Garry
Kranz
< Previous Article
1 |
2 |
3 |
4 |
5
Index: Quick Takes — February 27, 2007
|
Reproductions and distribution of the above article are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format, please contact our Reprint Sales Manager at (732) 723-0569.
|
|
|
|
= Member Only
