Labor Trends That Are Driving up Employer Expenses

Labor Trends That Are Driving up Employer Expenses - PRN Funding

Recent labor shortages and increasing staffing costs have been driving up expenses for employers and staffing agencies, but these costs can ...

Employers are bracing for costs to spike in 2025. Here's why

Employers are up against escalating healthcare costs driven by mounting prescription drug expenses, inflation and worsening chronic conditions, a new survey ...

Understanding the Latest Trends in Employment Costs - LinkedIn

According to the latest Employer Costs for Employee Compensation report from the U.S. Bureau of Labor Statistics, wages and benefits increased ...

Employer healthcare spending forecast to rise in 2025 - HR Executive

Pharmacy and prescription drug spending plus inflation across all healthcare sectors, from hospital stays to cancer treatment, are the biggest ...

WX trends: The cost of work crisis – are employers doing enough ...

With inflation driving up the cost of commuting, 60% of employees feel the pinch more than ever, especially those in hybrid roles. Many said they'd either ask ...

Employer Costs for Employee Compensation - June 2024

June 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $31.80, while benefit costs averaged $14.41. (See ...

The Biggest Cost of Doing Business: A Closer Look at Labor Costs

Labor costs can account for as much as 70% of total business costs; this includes employee wages, benefits, payroll and other related taxes.

Employer healthcare costs projected to rise 9% in 2025: Aon

This year, employer insurance costs grew 6.4% compared to 2023, while average expenses per employee rose to more than $14,800. Inflation and the ...

Business Group on Health Survey Reveals Almost 8% in Projected ...

While cancer remained the top condition driving cost, more employers said cardiovascular conditions were among their top three cost drivers. ... 3 cost driver, up ...

Employers Project 8%-9% Rise in Health Care Costs for 2025 - SHRM

In the IFEBP survey, employers said specialty/costly prescription drugs were the top reason for cost increases (20%, up from 16% last year), followed by medical ...

9 Strategies For Decreasing Labor Costs | When I Work

Higher minimum wage. Employers are expected to schedule better, but also pay more. While labor costs have gone up, so have employee wages. “ ...

Key Trends in U.S. Benefits for 2024 and Beyond | Aon

Employers' top priority in 2024 is to manage healthcare costs, which was ranked number one by 38 percent of respondents (up five points from the 2023 survey).

Executive Summary | Business Group on Health

Highlights the top trends in employer-sponsored healthcare, including increasing health care costs ... cost driver, up from 30% in 2023. Figure 8: ...

Labor Trends and How Employers Can Make an Impact

You may be able to spruce up your fringe benefit options at a reasonable cost to the company. For example, a cafeteria plan offers employees ...

Employment Cost Index indicates persistent wage gains for US ...

Employment Cost Index indicates persistent wage gains for US workers, driving up labor costs for employers and fueling inflation ... On Friday, ...

Health Insurance Costs Are Squeezing Workers and Employers

As premiums rise faster than wages, workers face greater cost sharing, leaving some underinsured. Authors ...

Bureau of Labor Statistics

The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.

National Survey of Employer-Sponsored Health Plans - Mercer.com

Employers estimated that their cost would rise by about 7%, on average, if they took no action to lower cost. Prescription drug cost is driving overall health ...

Survey: Employers expect third year of high health cost growth in 2025

Smaller employers (those with 50-499 employees), which typically have fully insured health plans, have been hit the hardest – they reported that ...

U.S. Employer Health Care Costs Projected to Increase 9 ... - Aon

This projected increase, which assumes employers do not implement employee cost sharing increases and other cost saving strategies, is higher ...