Friday, March 27, 2009

News You Can Use: Workers see future without employer-sponsored benefits

Nearly half of U.S. workers foresee a future in which employers will not offer workplace benefits, such as health insurance and retirement savings plans, according to a survey by Fidelity Investments’consulting services group reported on BenefitNews.com.

Thirty percent of workers assume they will be accountable for obtaining their own benefits by 2019, while 18% think the government will supply benefits.

For better or worse, do you agree? What are the implications for recruitment and retention if employer-sponsored benefits fade to black? Comment and let me know.

1 comment:

David Janus said...

I don't believe the issue is going to be that employees will have to obtain their own benefits. I think the issue is going to be that, potentially, the government is going to step in as a benefits provider, especially in healthcare.

I don't think employer-sponsored benefits will "fade to black" as much as evolve with the times. Remember that the fact that our health insurance system is employer based is a result of larger economic and political forces of a particular era. Employers will adapt and will find ways to provide benefits that will drive recruitment, retention, etc.