Many employees worry about a loss of benefits, but a new survey from Prudential shows that workers are mixed when it comes to understanding their employee benefits.
This year's edition marks the fifth time Prudential has released such a study, and its most recent outlook found that 35 percent of companies rank telling employees about their benefits as a priority. Meanwhile, only 28 percent of companies prioritize informing employees about their diverse options.
"Given the challenges companies’ HR professionals have faced, ranging from downsizing to understanding the impact of the new health care legislation, it’s not surprising that companies have focused less on benefits education and communications," said Jean Wiskowski, vice president of Marketing, Prudential’s Group Insurance.
Prudential's study also found that 34 percent of workers believe cost sharing is a very important employee benefits strategy - up 15 percent from the company's 2007 survey. However, only 28 percent of respondents believe increasing] benefits is "highly important" - down 6 percent from 2007. Nearly a quarter of respondents (24 percent) said they simply rollover the same benefits plan to the next year, while 44 percent said they weigh options and discuss plans with relatives or friends.
Unique views: 1,546
Total views: 1,546
All data and information provided on this news blog is for informational purposes only. Infinisource makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Information regarding employment suits and other legal action is not updated after publication, and may not be current.