Businessman sitting in a chair, and solves the problemMany employees don’t realize that just as much as they worry about employee benefits, so do their employers. Employee benefits are not just something that affect individuals; they affect the company as a whole.

According to Benefit Selling’s 2015 Employer Survey, there are 4 main issues that employers worry about when it comes to employee benefits.


  1. Cost of benefits. 35% of employers indicated that the cost of their benefits plans had increased significantly in 2015. They did not indicate how much of the cost trickled down to their employees, but clearly, this is a real concern for all parties. Employers who have to pass on cost increases to employees are left with unhappy employees. Employers who cut benefits in order to reduce costs to employees are also left with unhappy employees. This means that employers are in a difficult situation, and need to use every ounce of ingenuity (or a broker’s – see #3) in order to find a way to deal with the rising cost of benefits without passing it all on to their employees.
  2. Changing their benefits offerings. There are a number of reasons why employers seek to change their benefits. One reason is that they are looking to control the cost to the company. Another reason is that employers are trying to make their plans more compatible with the Affordable Care Act (Obamacare), which implemented a number of changes to the previous benefits laws. Whatever the reason, employers who look to change their benefits plans should keep in mind one thing: The most important benefit to employees is health insurance. End of story.
  3. Using brokers. According to the survey, 80% of employers use a broker or agent to assist them with their employee benefits plans, and 89% say that are satisfied with how often they use their broker. Brokers assist companies with conducting open enrollment and handling other employee benefits issues. Many employers prefer to use a broker or agent (such as Corporate Financial) who specializes in compliance and employee benefits in order to make sure that their company is doing everything in line with the law.
  4. The Affordable Care Act. While most employers have not moved over to public health exchanges, the survey reports that they are very aware of the Affordable Care Act, and 62.5% have consulted their brokers regarding moving to an exchange. As future parts of Obamacare are implemented (such as the Cadillac Tax, scheduled for 2017), companies will need to adjust/choose their benefits plans based on a changing landscape.


If these are issues that you have thought about as a leader in your company, now is the time to address them. We at Corporate Financial can help you address exactly how these issues (and others) affect your company, and can help you move forward in the right direction to make sure that everyone’s needs are met. Contact us today!