A new national survey by Grant Thornton LLP reveals that 55% of CFOs say they have seen credit costs increase, and 64% have found credit more difficult to come by than one year ago.
As a result, nearly one-quarter (23%) expect their employee rolls to decrease over the next six months, and 55% name benefits costs as their top concern.
While benefit managers can't control the financial crisis, and shrinking availability of credit as a result, you can stand and make the case to their CFOs that trimming benefits may do more harm than good. To help you effectively speak financial-ese, read current coverage in EBN.
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