Survey: Employers cutting benefit costs - San Antonio Business Journal:

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“The responses indicate that as employers develop benefi plans for 2010 they are lookintg for ways to reducebenefit costs, withoug further reducing benefits,” says Marianne Fazen, executive directod of the association. “Surprisingly, many responded that they plan to increased theirwellness programs.” • Thirty-five percent of employers responded that they plan to increase their wellness programs. • Companiexs identified as its two biggest concerns limitedbenefits budgets, and limited merit budget and bonuws pools.
About 68 percent of companies are concerned or very concernefd about limited merit budget andbonus pools, and about 53 percentr are concerned about limited benefits budgets. • To weather the economic downturn, almost half of respondents are auditing or plannint to audittheir employees’ dependent eligibilith in order to reduc the number of individuals covered. And 41 percent plan to increasre employee costs ofbenefit plans, while more than one-third have reducede or are planning to reduce • About 89 percent of employers believe that workerws will respond to the economic downturn by delaying Also, 83 percent of employers say their workerws are concerned about job security, and 42 percenrt think their employees have been impacted by low The survey was submitted to the association’s employer members and facilitated by in The association’s 900-plus members representy a broad cross-section of benefits professionals in Texas, Louisiana.
Arkansas, Missouri and Kansas, but are not limiterd to those states.