In an attempt to weather the economic storm currently underway in America, many businesses are choosing to suspend their employee benefits program…, if only temporarily. As health insurance premiums continue to rise drastically, and profits decline, some businesses are regrettably putting their employee’s benefits on hiatus. Promising employees that the benefits will return as soon as economic conditions will improve, what will be the ramifications of these actions? Will it undermine employee satisfaction to a dangerous degree, or will employees be understanding of the situation? Or will they simply have no choice given the state of our unemployment rate, and simply be happy they still have a job? Has the cost of your employee benefit program been on the rise? Make sure you find a human capital consulting firm to assess your current situation to help reduct your health benefit costs.

This entry was posted on Monday, December 8th, 2008 at 9:41 am and is filed under Employer Provided Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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