Healthcare costs are rapidly rising. Prolonged labor shortages have created in-the-trenches competition for talent. And key economic indicators point to trouble ahead. How can an organization contain escalating costs while maintaining a benefits package that meets the expectations of candidates and employees?
U.S. companies looking to recession-proof their benefits offering have many options to consider. The strategies presented here offer a playbook for benefits professionals to:
1 - Optimize their organization’s healthcare benefits spend
2 - Create an attractive offering to candidates and employees.
As the most expensive benefit for both employees and employers, health coverage presents noteworthy opportunities for cost containment—if companies know where to look.
Read on for five tactics to evaluate and restructure your healthcare benefits package, considering what your team can do now as well as at the end of current contracts.
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