Budget woes are hitting public sector employers hard — and the effects are going to be felt in their employee benefits programs. That’s according to a new survey conducted by Colonial Life & Accident Insurance Company with members of the International Public Management Association for Human Resources last month.
The vast majority — 80% — of human resources managers responding to the survey say their organization is looking at ways to reduce the cost of their employee benefits plan. In fact, more than half — 58% — say controlling costs is the benefits program’s top priority. The ability to retain key employees and create employee satisfaction rated a distant second at 20%.
