Five Smart Ways Educators Can Save Money on Benefit Costs

Autor/in	McCullough, Pat
Titel	Five Smart Ways Educators Can Save Money on Benefit Costs
Quelle	In: School Business Affairs, 78 (2012) 8, S.18-20 (3 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0036-651X
Schlagwörter	Costs; Cost Effectiveness; Change Strategies; Teacher Employment Benefits; Fringe Benefits; Best Practices; Finance Reform + Suchen Sie Ihr Suchwort? Cost; Kosten; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Lösungsstrategie; Sozialabgaben; Financial reform; Finanzreform
Abstract	State and local governments today face significant financial stress from the most recent recession, which makes their need to control benefit costs even greater. Revenues declined 22% from 2008 to 2009, mostly because of reduced tax income. At the same time, state and local government spending on unemployment compensation jumped 86%. It is no wonder education institutions are looking at all means possible to save money on benefit costs. The good news is that many effective cost-containment strategies are readily available, are proven to work, and can be implemented at no direct cost to the employer. This article offers five smart ways on how educators can save money on their benefit costs: (1) Implement wellness initiatives; (2) Move noncore benefits to employee-paid voluntary benefits; (3) Conduct a dependent verification audit; (4) Increase employee participation in pretax benefit programs; and (5) "Right source" benefits communication and enrollment. A list of references and resources is included. (ERIC).
Anmerkungen	Association of School Business Officials International (ASBO). 11401 North Shore Drive, Reston, VA 20190. Tel: 866-682-2729; Fax: 703-478-0205; e-mail: asboreq@asbointl.org; Web site: http://www.asbointl.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10