Workscape’s Annual Benefits Study for 2009 illustrates several impacts of the economy on health benefits.
3 in 4 human resources professionals see employees’ having a heightened appreciation of benefits. The declining economy clearly has increased awareness and appreciation of workplace benefits.
With respect to health benefits, roughly one-half of small and mid-size employers now offer employees at least one consumer-driven (CDHP) or high-deductible health plan (HDHP). Two in 3 large employers do so. These numbers increased between 9 and 11 percentage points since 2008 depending on organization size.
Three-quarters of organizations’ respondents say that the economy is having an impact on their organization, most likely in the form of employees working hard and being more productive. Within the large employer segment, the harder-working employee is seen in healthcare, manufacturing and financial services sectors; not so much, though, in the government segment, based on the survey’s findings.
Workspace collaborated on the survey with Workforce Management. The poll was conducted among the journal’s subscriber base in May 2009. This duet conducted a similar study in 2008, which allows year-on-year comparisons between some of the datapoints. In total, 787 human resource professionals and CEOs were surveyed from small (<1000>5,000) companies.
Another report issued this week complements Workscape’s and Workforce Management‘s findings.
Trends In Underinsurance And The Affordability Of Employer Coverage, 2004-2007 is published in the policy journal Health Affairs online, exploring the tug-of-war between covered employees’ eroding coverage, and employee benefit consultants’ proposals for health consumers to get more “skin in the game.”