The 2009 sanofi-aventis Healthcare Survey
Thursday February 18, 2010 10:21 AM
LBM Consulting encourages all companies (of any size) to review the attached website link to review an informative survey.
Facts from the Survey;
Fifty-two per cent of those asked, would choose their health benefit plan over an additional cash compensation of $15,000 per year (versus 41% choosing the money), 92% would choose their plan over an extra week’s vacation (versus 6% choosing the vacation), and 59% would choose health benefits over a more generous pension plan (versus 30% choosing the pension plan). Even when the cash was increased to $20,000 nearly half still would choose their health benefit plan (45% versus 47% choosing the money).
Ensuring that employees have access to high-quality, well-received health benefit plans while still managing costs is an ongoing challenge for many employers. The 2009 edition of the sanofi-aventis Healthcare Survey found that access to a variety of benefits remains good for most employees, but there are issues in certain groups. Perceived plan quality is high, but is under some pressure. Certain employer characteristics, such as size and type of employer, are associated with higher
quality. As well, responses indicate interesting correlations between communication, wellness programs, plan quality, and job satisfaction scores. The Survey also reveals challenges plan sponsors have with effective communication and member understanding of health benefit plans — again, areas of traditional strength that may now need review.
LBM Consulting acknowledges the excellent work and time invested by sanofi-aventis Canada Inc. for developing this survey.
If you are considering implementation of an Employee Benefits program, or would like to review your current program, LBM Consulting would be more than pleased to assist you in either process. Please contact us today to arrange a suitable appointment.