The vast majority (80%) of human resources managers responding to the survey said their organization is looking at ways to reduce the cost of their employee benefits plan. More than half (58%) said controlling costs is the benefits program’s top priority. The ability to retain key employees and create employee satisfaction rated a distant second priority at 20%.
The survey showed public sector employers plan to make significant changes in their benefits programs within the next year, including:
- Increasing employees’ health insurance premiums – 64%;
- Implementing wellness programs/promoting healthy behaviors – 52%;
- Increasing employees’ health deductibles and copays – 45%; and
- Redesigning health plans to include higher deductibles – 27%.