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Health care costs top CFO concerns
While employee benefits managers worry over health packages in the light of Obamacare, just down the hall, CFOs fret over how to pay for those same benefits.
For the third year in a row, healthcare costs were at the top of CFOs' list of major concerns, according to the BofA Merrill Lynch 2013 CFO Outlook. A research firm interviewed 602 CFOs to obtain the data.
The CFOs generally were less worried about most major issues they face day in and day out. Unemployment, consumer confidence, the deficit, European financial concerns - all these and more were less worrisome to CFOs this time than in the year earlier survey. Yet the
impact of healthcare costs on their corporations actually rose a couple percentage points in 2013 v. 2012.
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Employee handbooks: Feds' new hunting grounds
The U.S. Department of Labor pulled at what looked like a little, loose string at T.G.I. Fridays and proceeded to unravel a companywide flaw in the restaurant chain's family leave policy.
Therein lies a cautionary tale for the HR department: If you don't regularly and fastidiously update your employee handbook, you could be costing your employer untold dollars if and when the feds come knocking. Read More
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Self-insurance: A threat to Obamacare?
Happy Jack Adventures is a successful small business, much like the many others the federal government hopes will line up to buy health insurance for their workers once the Patient Protection and Affordable Care Act fully kicks in.
Yet fearful of sharp premium hikes and with a mostly young, seemingly healthy workforce of 50, Jack McCormick, the founder and CEO of the Seattle, Wash.-based adventure tourism company, has something else in mind.
McCormick believes his firm is fiscally sound enough to bear the risk of self-insurance and is looking to make the switch. Read More
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