Although increased employment costs may be inevitable, there are options available to reduce their impact on your bottom line – such as sharing the cost of health insurance with employees, says Nancye Combs, president and CEO of HR Enterprise, a human resources consulting firm in Louisville, KY, in 5 Tips to Reduce the Cost of Employment.

According to Combs, many distributors feel that because they have paid the full cost of health insurance for their employees for many years, they can't just stop. But they can – and should – in order to combat the rising cost of employment, she says.

Making employees aware of, and responsible for, the cost of their health care plan will make them appreciate it more, says Combs. “We don’t value what we don’t pay for,” she says. “We take for granted what we’re just given.”

And if sharing the cost of health insurance is what will make the difference between providing insurance and not, don’t hesitate to share those costs with employees, says Combs.

Read more tips from Combs on decreasing employment costs in 5 Tips to Reduce the Cost of Employment.