Rising Benefits Costs
The costs of some components of the compensation package have increased significantly over time. Perhaps this is best illustrated by the fact that the rate of increase in the costs of extended health benefit plans has been approximately four times the rate of increase in salaries since 2000. As a result, many employers are concerned regarding the future sustainability of their existing group benefit plans.
To measure the level of concerns which employers have, along with what initiatives these employers are taking to address those concerns, WCBC completed a survey of a broad cross-section of Canadian employers. The survey was completed in September/October 2014 and included 200 organizations.
Full results are available to participants only but we have summarized some of the highlights.
Participants in WCBC research projects receive a complete summary of the results at no cost. If you would like to be included in future research projects, ensure you subscribe.