24.08.2017 06.53 CDT

Healthcare costs continue to absorb an increasing share of benefits funding. This is forcing employers to find new ways to do more with less help employees meet other key needs. This blog explains the different approaches available to employers in meeting these needs and building employees’ human capital.

Human Capital: Enabling Employees to Build Their Resources

Human Capital: Enabling Employees to Build Their Resources

Employers are finding new ways to meet employee needs as healthcare costs crowd out amounts available for employer-funded programs.

Employee benefit plans are a way to build “human capital” – defined as the abilities and qualities of people that make them productive. As healthcare costs absorb an increasing share of benefits funding, employers need to find new ways to help employees become secure in their ability to obtain health care, to meet other life exigencies, and to finance their needs in retirement. This blog explains the different approaches available to employers to do more with less in building employees’ human capital.