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.
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
Here’s a common scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individu...
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of ...
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage...
As employers finalize their 2026 budgets, rising healthcare costs are forcing tougher decisions in financial planning and employee benefits...
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After al...
What company wouldn’t opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on...
