Your Jan. 14 editorial («CNY economy needs workforce training») cites a CenterState CEO survey of business leaders who said
rising employee benefit costs were «the No. 1 pressure point for their businesses in 2017.»
Not exact matches
Couple that
rising pressure with hard - fought efforts to maintain compliance with the federal government's Affordable Care Act, and some employers have chosen to waive
benefits, placing more responsibility onto their
employees, who pay more both in premiums and out - of - pocket
costs.
An article in yesterday's Village Voice looks at the
rising costs of post-secondary education (PSE)  in the United States. It points to research suggesting that the «biggest single factor» contributing to the
rising cost of PSE for both private and public institutions is the
cost of
employee health
benefits.
Done properly,
employee health programs can indeed be a powerful tool in reducing health care
costs — a necessity for employers struggling to keep up with the
rising medical trend, as all
benefits managers and brokers know.
The Sage Policy Group CEO pointed to possible real estate and stock market bubbles, lagging wages and
rising business
costs associated with
employee benefits and health care as factors that could slow growth in 2020 and beyond.
The settlement included a wage increase on par with the
rising cost of living, but in exchange, there was reform to the
employees» active health insurance, retiree health insurance, paid time - off
benefit package and
employee work hours.
Spending in the Town of Orchard Park would go up more than $ 1 million under the tentative 2018 budget, due mainly to the
rising cost of
employee benefits, staff additions and debt.
Another challenge which butts up against that cap is the
rising cost of
employee benefits.
While
employees see a
benefit in the
rise of minimum wage, it might not be all it's cracked up to be as the
cost of the inflation is about to
rise by 50 percent for goods and services in the same short time frame, equaling, at minimum, $ 1,300 per household per year.»
Today, offering products that help both employers and
employees deal with the
rising cost of traditional
benefits isn't just good business, it's the right thing to do.
Although the Affordable Care Act requires most employers to offer medical coverage with specific
benefits, the out - of - pocket
costs for
employees continue to
rise.
As the
cost of health care continues to
rise, today's
employees are looking for jobs that offer good
benefits, like health insurance and life insurance.
THE FIRST RULE OF SHARING
BENEFIT CUTS OR
RISING BENEFIT COSTS IS: Never blame the situation on individual
employees.