Financial stress and prices are rising and HR leaders are relying on benefits, and benefits providers, to help combat them. According to benefits leaders surveyed:
80% feel that offering competitive financial benefits is more important than a year ago.
40% say that employee financial stress is on the rise and nearly half of employees are asking for increased pay or bonuses.
64% expect health insurance costs to rise between 10 - 35% in the next year.
50% say that health insurance is the most important benefit for employee recruitment and retention.
78% of companies offer Health Savings Accounts.
62% expect enrollment in High Deductible Health Plans to increase in the next year.