How to contain the cost of employee benefits (and why most businesses struggle)

This is a preview. View original post on this site


There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees.

The average private-sector employer spends an average of $2.65 per hour, per employee, for health-insurance costs, according to Sept. 2020 data from the U.S. Bureau of Labor Statistics (BLS).

These aren’t low numbers. And the smaller a company is, the more consequential these numbers get.

The worst part: these costs tend to rise. Every. Single. Year.

In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans. This

Read Complete Article

,

Subscribe to Recruiting Headlines

* indicates required

RECRUITMENT MARKETPLACE


»Need an ATS? Try JazzHR



»Free Rejection Email Templates


»Text Recruiting Software


»Interview Scheduling Tool: Cronofy


»HR Podcast Directory


»Recruiting Newsletters


»HR Tech News


»Freelance HR Jobs


»Recruiting & HR Jobs


»Recruiter Ebooks

shares