National Survey of US CFOs Finds Nearly One-third Targeting Healthcare Cutbacks for Their Workforce
Location: Chicago
Author:
Kristi Grgeta
Date: Wednesday, November 3, 2010
A vast majority (84%) cited employee benefits (e.g., health care, pensions) as their greatest pricing pressure — up from 68% six months earlier.
Grant Thornton LLP conducted the biannual national survey from Oct. 5 through Oct. 15, 2010, with 516 U.S. CFOs and senior comptrollers participating.
About which type(s) of pricing pressure are you most concerned?
(Respondents could select more than one.)|
|
|
3/10 |
|
|
10/10 |
|
Employee benefits (e.g., health care, pensions) |
|
68% |
|
|
84% |
|
Raw materials (e.g., food, metals) |
|
29% |
|
|
27% |
|
Energy |
|
26% |
|
|
21% |
|
Other |
|
17% |
|
|
12% |
|
Company Insurance (not including healthcare) |
|
19% |
|
|
11% |
Is your company making any changes to the average costs per employee in any of these employee benefit and compensation areas?
|
|
|
3/2010 |
|
10/2010 |
||||||||
|
|
|
Increase |
|
Same |
|
Decrease |
|
Increase |
|
Same |
|
Decrease |
|
Salary raises |
|
15% |
|
53% |
|
32% |
|
21% |
|
65% |
|
13% |
|
Bonuses |
|
8% |
|
47% |
|
44% |
|
14% |
|
63% |
|
23% |
|
Stock options/equity based compensation |
|
5% |
|
66% |
|
29% |
|
3% |
|
79% |
|
18% |
|
401 (k) match |
|
5% |
|
74% |
|
21% |
|
5% |
|
84% |
|
10% |
|
Health care benefits |
|
6% |
|
66% |
|
29% |
|
21% |
|
49% |
|
30% |
|
Life insurance benefits |
|
2% |
|
86% |
|
11% |
|
5% |
|
86% |
|
9% |
|
Disability benefits |
|
1% |
|
88% |
|
10% |
|
6% |
|
86% |
|
8% |
* Percentages may not total 100 due to rounding.
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