Survey: Employers cutting benefit costs - Denver Business Journal:

rubber roofing
“The responses indicate that as employers developl benefit plans for 2010 they are looking for ways to reducdbenefit costs, without further reducing benefits,” said Marianne Fazen, executive director of the association. many responded that they plan to increase theirwellness • Thirty-five percent of employerse responded that they plan to increase their wellness • Companies identified as its two biggest concerns limitedd benefits budgets, and limited meri t budget and bonus pools. About 68% of companiese are concerned or very concerned about limitedx merit budget andbonus pools, and abouty 53% are concerned about limited benefita budgets.
• To weather the economicf downturn, almost half of respondents are auditing or planning to audittheire employees’ dependent eligibility in orderr to reduce the number of individualas covered. And 41% plan to increase employee costs ofbenefiy plans, while more than one-third have reduced or are planningh to reduce staff. About 89% of employers believe that workers will responed to the economic downturn bydelaying retirement.
Also, 83% of employersd say their workers are concerned abouytjob security, and 42% think theitr employees have been impacted by low The survey was submitted to the association's employert members and facilitated by in The association's 900-plus members represent a broard cross-section of benefits professionals in Texas, Oklahoma, Louisiana. Arkansas, Missourk and Kansas, but are not limited to thoser states.