The 2020 Mid-Year Economic Update_long

Reduce HR Cost Pressure

This article is part of MDM's 2016 Distribution Trends Special Issue.

For the next generation workforce, pay is still important, but the benefits that come with a position from health insurance to career development programs are just as important, if not more so. As a result of that and new or changing regulations, the cost of employment keeps rising.

This article includes:

  • Why offering health insurance and other benefits is so important
  • An overview of HR costs and challenges
  • Ways to combat the cost of providing benefits

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