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One in three employer compensation dollars now goes to benefits
4+ day, 1+ hour ago (295+ words) Benefits now account for exactly 30 percent of what private-sector employers pay per hour worked - $14.07 of a $46.89 total, according to the Bureau of Labor Statistics' Employer Costs for Employee Compensation (ECEC) report for June. Wages made up the remaining 70 percent, at…...
Employee benefits literacy is the next frontier of value
5+ day, 10+ hour ago (1067+ words) US employers are absorbing record cost pressures rather than passing them on to workers but unless they fix a deepening benefits literacy crisis, the extra coverage they are stacking to bridge affordability gaps will go largely unused. Nicole Negvesky, Executive…...
Employee benefits navigation gap is costing employers millions
1+ week, 5+ day ago (848+ words) US employers are spending up to $20,000 per employee each year on health plans but investing less than $10 per employee communicating those benefits. John Tournet, senior vice president of benefits consulting at Arthur J. Gallagher & Co. in Chicago, says that imbalance is…...