Are employees getting the benefits they really want? Maybe not, a recent Willis Towers Watson analysis found. The study, “Shifts in Benefit Allocations Among U.S. Employers,” revealed that from 2001 to 2015 the cost of employer-provided benefits, measured as a percentage of pay, rose 24%, and, during that time, employers shifted benefit dollars to areas that may not meet employee preferences.
Specifically, the study shows the overall cost of benefits — retirement, healthcare and post-retirement medical benefits — climbed from 14.8% of pay in 2001 to 18.3% of pay in 2015, for a total increase of 24%, driven largely by a doubling in healthcare benefit costs.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access