Are your execs more involved with benefits decisions?
With healthcare costs taking up such a huge chunk of employers’ budgets, upper management is taking a much more active role in the benefits decision-making process.
Almost half (45%) of employers said the influence of senior management has increased in the benefits decision-making process.
That’s according to Prudential’s report titled, “A Changing Benefits Landscape.”
In addition, 20% of employers said boards of directors, finance/treasury and all employees have an increased role in benefits decision process, the report found.
What’s more, when upper management gets more involved in the process, the benefits communications improve. Companies that reported an increased presence among upper management also reported having more effective more benefits communications, according to the Prudential research.
Readers, have you noticed upper management taking a more active role in the benefits decision-making process at your company? Let us know in the Comment section.
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