Employee Health Incentive ‘Benefit’ A Perk For Employers More Than Workers: Survey

June 26, 2012

ATLANTA — More employers are offering financial incentives for employees to improve their health, according to a 2012 benefits survey released Monday at the Society for Human Resource Management’s annual conference — a rare bright spot in a survey that revealed overall benefits at U.S. companies remain at the bottom of a three-year decline. However despite the physical benefit to employees, health incentive programs may offer more financial benefits to employers than to the workers who capture advantage of them, raising the inquiry of who really wins from this type of perk.Just as they did in 2011, employers in 2012 plot to spend, on average, 19 percent of each employee’s salary on voluntary benefits, 18 percent on mandatory benefits, and another 10 percent on pay for age the employees did not employment. The results reflect the ongoing weakness of the contemporary job market, where salaries and benefits failed to keep pace with rising economic output. Seventy-three percent of respondents said the economy has negatively impacted their benefits offerings. Glance at More…
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