Benefits

Finding, Keeping Workers Still #1 HR Concern

October 31, 2000 (PLANSPONSOR.com) - While higher level strategic responsibilities are being added to the HR professional's job, over half (56.7%) still cite retention and recruitment as their number one challenge - up from 52% last year, according to a new survey.

Double Digit Healthcare Costs in 2001 – Again

October 24, 2000 (PLANSPONSOR.com) - Employers should be planning for a 10-13% increase in healthcare costs next year, the third year of double-digit increases in a row. Employers may finally be ready to pass some along to employees, according to two new surveys.

Exclusive: IBM Retirees Fear Health Benefit Cutbacks

October 22, 2000 (PLANSPONSOR.com) - In the midst of a national debate over healthcare concerns, a letter suggesting IBM might decrease retiree health care coverage has stirred up emotions among the already combative Big Blue retirees.

Unscheduled Absences Cost $610/Employee Annually

October 23, 2000 (PLANSPONSOR.com) - Unscheduled employee absenteeism cost employers $610/employee last year, up slightly from $602 a year ago, despite a drop in the average rate of absenteeism to 2.1%.

Dot Com Pink Slips At Record Pace

October 23, 2000 (PLANSPONSOR.com) - Dot-coms cut jobs at a record pace in the past month, and were up 18% from a month ago according to outplacement firm Challenger Gray & Christmas.

Health Benefits Burden Employers

October 22, 2000 (PLANSPONSOR.com) - An overwhelming 84% of large employers say they spend too much time managing day-to-day health benefits, according to a new survey.

Management Involvement Reduces Absenteeism

October 19, 2000 (PLANSPONSOR.com) - Management involvement can have a significant impact on worker absences, reducing the rate by as much as 74% according to a new survey, which also found an "employee entitlement mentality" the most commonly cited reason for absenteeism.

HR Pay Rises Faster Than Other Jobs

October 17, 2000 (PLANSPONSOR.com) - Base pay for Human Resource (HR) professionals continues to rise faster than overall US salaries, and incentive pay is also on the rise, according to a new survey.

Retirees "Avoiding" Risk, Advice

October 17, 2000 (PLANSPONSOR.com) - Although the average American will live 20 to 30 years in retirement, nearly a quarter (22%) of those currently in retirement are worried they won't be able to sustain their current standard of living for even a decade.

Workers Less Satisfied With Jobs

October 17, 2000 (PLANSPONSOR.com) - American workers are increasingly dissatisfied with their jobs - the promotion policies, wages and even training. However, they're feeling better about their pensions according to a new survey.

Hewitt Offers Tips for Online Healthcare Enrollment

October 16, 2000 (PLANSPONSOR.com) - With healthcare enrollment season just around the corner, Hewitt's Sageo has put together a list of Top Ten Tips for Online Healthcare Enrollment that employers can use to help employees make better choices.

Use of Stock Incentives Up Worldwide

October 16, 2000 (PLANSPONSOR.com) - Employers worldwide are stepping up their use of stock options and other long-term incentives, according to a new Towers Perrin study.

HMO Premiums Could Rise 9% Next Year

October 11, 2000 (PLANSPONSOR.com) - Employers could be looking at an 8.8% hike in HMO medical care premiums next year, according to the Sherlock Company's Sixth Annual HMO Pricing Survey.

Trends Favor Self-Directed Healthcare

October 10, 2000 (PLANSPONSOR.com) - Rising costs and employee frustrations with the quality and choice of benefits may push employers toward self-directed healthcare plans with greater flexibility, much as the 401(k) has replaced traditional pension programs, according to a stock analyst report.

Annual Addition Limit To Rise in 2001

October 9, 2000 (PLANSPONSOR.com) - The maximum annual addition (section 415) limits for defined contribution plans will increase next year to $35,000 from $30,000, the first increase since 1983, according to projections from consultant William M. Mercer.

Fewer Uninsured Thanks to Employer Sponsored Plans

September 29, 2000 (PLANSPONSOR.com) - Thanks to an increase in employer-sponsored health coverage, the total number of uninsured Americans fell for the first time in 12 years, according to data from the Census Bureau.