San Diego, CA – October 20, 2020 – Benefits season is here, along with all of the strategy and balancing acts associated with it. For employers, navigating benefits can be a challenging task, especially next year as health plan costs are expected to increase by 4.4 percent on average. This increase is less than some forecasted results and is generally in line with the annual cost growth over the past several years. However, while yearly annual cost increases remain similar to past trends, the growth of the increases is now far exceeding the growth of consumer price index and wages.
Even with all of these factors, according to the Mercer’s National Survey of Employer-Sponsored Health Plans-2020, only 18% of employers plan to shift more expenses to their employees with higher deductibles and copays. Employers faced with the impossible act of managing costs while also managing their employee’s satisfaction and happiness face tough decisions in the upcoming year.
In times of uncertainty with COVID causing individuals to delay care, it is essential for employers to make smart decisions regarding benefits. Executive Compass acts as an HR consultant firm in San Diego to assist business leaders in traversing difficult benefit choices. With years of experience and expertise, Executive Compass is the best HR consultant resource.
David Kvendru, Chief Financial Officer of Greater San Diego Association of REALTORS stated, “I have known and worked with Serena Souza, with Executive Compass, for many years. We worked together while I was Chief Financial Officer for the San Diego Association of REALTORS (SDAR). Serena was our human resource professional. Serena worked with us during some challenging times where Catherine Jones, SDAR’s COO, and I relied on her expertise and knowledge. Serena was instrumental in helping to smooth out some what could have been some extremely bumpy roads. She provided us with an opportunity to update our benefits onboarding process through a connection with a company who has made the medical benefits side of employee management so much easier. We will always be forever grateful for Serena’s patience and perseverance with us. If you are looking for a professional Human Resource Consultant, I would not hesitate to suggest Serena Souza and Executive Compass.”
Learn more about how to make the best choices for your business, visit the Executive Compass website or call (760) 504.6352!
About Executive Compass HR
Executive Compass is an executive-level HR specialty firm strategically designed to navigate businesses in the complicated and ever-changing working world of today. From recruitment and onboarding to employee performance, benefits, organizational development, and employee relations, there’s no step in the business life cycle Executive Compass is not equipped to handle.
Contact Executive Compass by visiting https://www.executivecompasshr.com/, calling (760) 504.6352, or emailing Serena@execucompass.com
Company Name: Executive Compass HR
Contact Person: Serena Souza
Email: Send Email
Phone: 760 504 6352
City: San Diego
Country: United States