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Companies like Deloitte and Zoom made headlines recently for their decisions to pare back employee benefits — parental leave, in particular.
As healthcare costs continue to rise, others may be tempted to do the same thing. But they should make any benefits decision cautiously, said Rich Fuerstenberg, senior consultant and actuary at consulting firm Mercer.
About 3 in 4 U.S. finance leaders with budgetary oversight identified healthcare costs as one of their company’s top five operating expense concerns, an April Mercer report found, and 38% said they’ve cut spending on other benefits over the past two years as a result.
“Everything’s on the table,” Fuerstenberg said.
