Has anyone noticed company benefits starting to feel less generous over the last few years? It seems like health plans have higher deductibles, bonuses are harder to reach, and perks like wellness or tuition reimbursement quietly disappear. Is your company improving benefits to retain talent or cutting back to save costs?

likefunny
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Yet, CEO compensation keeps increasing. Hope that answers your questions:)

likesmart

Liberty Mutual is dropping perks and benefits regularly.

likesmart

And this is just because they’re laying off. They don’t want to have to pay accrued PTO.

like

State Farm just kills your soul and makes you quit to reduce layoffs

like

Liberty Mutual does the same, but they still have monthly layoffs

like

Less generous and then the cost go up but they think they’re doing us a favor when the insurance doesn’t cover much of anything. Take care of yourself as best you can so you only need it for the preventive services that are covered at 100%.

like

I expect health care premiums to increase every year.
Deductibles don’t usually change unless you change plans or go from employee only to employee +1.
Wellness benefits have increased at my company. Many people don’t take advantage of them.
Tuition reimbursement is still $5,000, which is tied to the federal tax law that allows employers to provide up to $5,250 per employee per year in tax-free educational assistance.

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ASH has always not provided a decent amount of benefits but at least we used to get a good number of holidays off. Current CEO took over a year or so ago and holidays went down the toilet under the guise of personal holidays that you have to bid for and hope you get. Benefits are still not great, insurance just keeps rising and company morale is so low they created a team to investigate company morale.

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Our customers are being squeezed all over the place, if our products cannot compete we will have less customers. Product pricing is influenced by the expenses as a company. The more we adjust to new realities affecting our customers the more likelihood is that we remain in business. We are in an environment where we have more competition than ever. Old times where subject to different environment.

and yet the company keeps posting about record profits

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