Benefits Programs Focus on Keeping Employees Healthy
SOURCE:
Aberdeen Group
2008-08-13 09:00:00
Benefits Programs Focus on Keeping Employees Healthy
Companies Stress Wellness, Disease Management, and Promote Better Self-Management
BOSTON, MA–(EMWNews – August 13, 2008) – With the cost of maintaining employee benefit
programs going through the roof, organizations are taking a cue from Ben
Franklin that “an ounce of prevention is worth a pound of cure.” Employers
are placing new emphasis on keeping employees healthier to prevent medical
problems. These and other key findings are revealed in the new benchmark
report, “Taming the Benefits Management Beast: Driving Costs Down and
Satisfaction Up,” from Aberdeen Group, a Harte-Hanks Company (
“Medical insurance is far and away the most expensive benefit item being
offered by organizations, and it can be a budget buster,” according to
David Weldon, research analyst, human capital management at Aberdeen and
author of the report. “The answer is not found in reducing medical
insurance coverage, but in findings ways to make it less needed.” Cases in
point include wellness programs and disease management programs, both of
which attempt to reign in the need and cost of other health care by keeping
employees more healthy.
But as important as it is to gain control over benefit program costs,
Best-in-Class organizations understand the need to still provide a full
slate of benefit items that attract and retain workers, and are the ones
that make sense for their employee needs. “The gains for the organization
include increased retention and job satisfaction, and decreased budget and
administrative costs,” Weldon remarks.
Benefits management programs at Best-in-Class organizations are credited
with increasing employee job satisfaction by 11% and employee retention by
15%. At the same time, the Best-in-Class have reduced the administrative
burden on HR of managing benefits programs by 6%, and decreased the benefit
program cost per employee by 7%.
Key to realizing the above gains is the involvement of employees in their
own benefits program — from having a voice in which benefit items are
included in the plan, to having online access to view individual plan data,
to having a greater role in managing the plan, to being surveyed
periodically to ensure the plan continues to best serve their needs.
A complimentary copy of this report is made available due in part by the
following underwriters: Ceridian and iEmployee. To obtain a complimentary
copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=4887.
To access all of Aberdeen’s complimentary research please visit
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to Aberdeen™ for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen’s
analytical and independent view of the “customer optimization” process of
Harte-Hanks (Information – Opportunity – Insight – Engagement –
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more
about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
© 2008 Aberdeen Group, Inc., a Harte-Hanks Company 451 D Street, Suite 710 Boston, Massachusetts 02210-1928 Telephone: (617) 854-5200 Fax: (617) 723-7897 www.aberdeen.com
Media Contact: David Weldon Aberdeen Harte-Hanks (617) 854-5374 [email protected] |
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