Five Ways to Manage the Rising Cost of Benefits


A robust benefits package can be the difference between a talented superstar choosing to work with you as opposed to a larger, more established competitor. But with the cost of benefits rising each year, providing a benefits package that helps you attract, retain, and motivate talented people gets harder all the time.

With knowledge and planning, you can create a win-win situation for yourself and your employees. You can use benefits to meet the needs of your workforce and successfully compete for top talent. As a business owner, it’s important to be aware of the ways you can manage costs and attract top hires. In this paper read about:

1. Finding a benefits package that’s tailored for your specific industry
2. Encouraging consumerism among your employees to help save money
3. Taking advantage of technology to keep a lid on administrative costs
4. Promoting health and wellness programs to help prevent heavy benefits usage
5. Preparing for the impact and opportunities of health care reform