Budget woes are hitting public sector employers hard—and the effects are going to be felt in their employee benefits programs. That's according to a new survey conducted by Colonial Life & Accident Insurance Company with members of the International Public Management Association for Human Resources last month.
The vast majority—80 percent—of human resources managers responding to the survey said their organization is looking at ways to reduce the cost of their employee benefits plan. In fact, more than half—58 percent—said controlling costs is the benefits program's top priority. The ability to retain key employees and create employee satisfaction rated a distant second at 20 percent.
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