Old Saybrook, CT—June 30, 2011—The HR Daily Advisor® recently announced the results of its latest compensation survey, conducted in May 2011. The survey, which garnered 338 responses, looked at what employers are doing to reduce healthcare costs, as well as the general costs associated with providing benefits to each employee.
According to the results, 84% of responding companies reported taking at least one action to reduce healthcare costs in the previous year, while two-thirds plan further cost control in the coming year. In comparison to last year’s survey results, employers reported paying significantly more in annual costs per employee. This year, 56% reported annual costs per employee in the $5,000 to $10,000 range, compared with 47% in last year's survey. Eighteen percent reported costs of over $10,000 per year, compared with 12% reporting the same in last year's survey.
“The results of this survey offer a significant advantage to HR professionals assessing benefit plans for the coming year,” said HR Daily Advisor editor Stephen Bruce, PHR. “As healthcare costs continue to go up, it is more important than ever for HR managers to have a good idea of what’s going on in the field.”
The complete results of this survey can be accessed here, courtesy of the HR Daily Advisor: http://hrdailyadvisor.blr.com/archive/2011/06/17/Epinions_Health_Care_Costs_Survey.aspx.
For more information about the HR Daily Advisor, please visit http://hrdailyadvisor.blr.com or contact us at 800-727-5257.
About BLR®—Business & Legal Resources
BLR® is the leading provider of employment, safety, and environmental compliance solutions. BLR has been an acknowledged authority in covering state as well as federal law for over three decades, and employers know that they can count on BLR’s industry-leading compliance and training solutions to keep them out of legal trouble, avoid fines, and save money. BLR offers solutions for business owners, executives, employees, and managers of HR, compensation, safety, environmental, or training for all-sized organizations and industries. Simply put, anyone worried about how their local state agency or national DOL, OSHA, and EPA legal requirements impact their organization can benefit from BLR. For more information, please visit www.BLR.com or call 800-727-5257.
Media Contact: Amanda Hurlburt
Phone: (860) 510-0100 ext. 2184