Survey: Employers cutting benefit costs - Dallas Business Journal:

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“The responses indicate that as employers develop benefit plans for 2010 they are lookinyg for ways to reducebenefig costs, without further reducing said Marianne Fazen, executive director of the association. many responded that they plan to increase theiewellness programs.” • Thirty-five percent of employerws responded that they plan to increase theirf wellness programs. • Companies identified as its two biggestf concerns limitedbenefits budgets, and limitedf merit budget and bonux pools. About 68% of companies are concernes or very concerned about limited meri budget andbonus pools, and about 53% are concernef about limited benefits budgets.
• To weather the economic downturn, almostt half of respondents are auditing or planninvg to audittheir employees’ dependent eligibilitty in order to reduce the number of individualxs covered. And 41% plan to increase employee costsz ofbenefit plans, whilwe more than one-third have reduced or are planningb to reduce staff. • About 89% of employerxs believe that workers will responfd to the economic downturn bydelaying retirement. 83% of employers say thei workers are concerned aboutjob security, and 42% thinkl their employees have been impacted by low The survey was submitted to the association's employerf members and facilitated by in Houston.
The association'z 900-plus members represent a broaed cross-section of benefits professionalsin Oklahoma, Louisiana. Arkansas, Missouri and Kansas, but are not limite d to those states.