Providing Health Care Benefits is top Business Challenge for Company Leadership

06 Nov, 2012

According to a survey by Adecco Staffing US, companies are holding back on hiring due to rising costs of benefits. More than half of the more than 500 senior executives polled in the United States cite providing health care benefits to employees as the greatest business challenge they face.

However, this is not a new concern, and more than one-third of those surveyed report that health care benefits were their top business challenge before the recession.

Adecco Staffing, based in Zurich, Switzerland, is a leading provider of HR solutions.

Forty-one percent of those surveyed identified salaries/compensation as their top business challenge today compared to 33 percent who said the same prior to the recession.

“As regulations change, businesses are often put in situations where they’re faced with figuring out how to adjust their systems and processes to comply with policies instead of completely focusing on ongoing business challenges and opportunities,” says Joyce Russell, president, Adecco Staffing US.

The majority of companies surveyed were focused on the outcome of the U.S. presidential election as a barometer for their businesses moving forward. A majority of senior executives (74 percent) say the outcome of the election is important to their business, with most concerned about the effect that future economic growth (71 percent), health care reform (65 percent), and national debt/managing the deficit (53 percent) will have on their business.

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