Employee benefits are putting the squeeze on companies looking to mitigate rising costs. A majority (84 percent) of chief financial officers surveyed in October by Grant Thornton LLP cited benefits as their greatest pricing pressure, up from 68 percent six months ago.
Roughly one-third of respondents say they will reduce health care benefits, 23 percent will reduce bonuses, and 18 percent will be reducing stock options/equity based compensation.
Grant Thornton LLP surveyed more than 500 U.S. CFOs and senior comptrollers participating.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
