Budget woes are hitting public sector employers hard — and the effects are going to be felt in their employee benefits programs, reveal recent survey results from Colonial Life & Accident Insurance Company.
Eighty percent of HR managers responding to the survey say their organization is looking at ways to reduce the cost of employee benefits plans. In fact, more than half (58%) report controlling costs is the benefits program’s top priority. The ability to retain key employees and foster employee satisfaction rated a distant second at 20%.
