According to a recent study by the Society for Human Resource
Management (SHRM),
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the majority of HR professionals and
managers surveyed agreed that turnover will rise signifcantly
once the job market improves. Further, they also feel that the
jobmarket will improve within the next year.
The aftershocks of the recession are
just now beginning and will continue
for quite a while. From navigating a his-
torically slow recovery and rising health
care costs to the reality of a large num-
ber of workers simply biding their time
before jumping ship at the frst signs of
economic stability – it’s clear, business
leaders need to be inpreventionmode.
The 2012 Afac WorkForces Report,
conducted in partnership with national
polling frm Research Now, fnds that
one of the most overlooked, and often
underestimated, ways to help prevent or
minimize these challenges is through a
strategically designed, effectively im-
plemented benefts program. This stop-
gap measure alone can dramatically
decrease worker attrition, lower health
care costs, and create a healthier, more
productive workforce. Yet, alarmingly,
more companies this year are shedding,
not bolstering, benefts options.
To help companies rethink their beliefs
and approaches to benefts utilization
and delivery, this year’s groundbreaking
study uncovers quantifable connections
between a variety of benefts aspects and
their bearing on business performance.