The Cost of Employee Benefits Steadily Increasing, Survey Says

The cost for employers to provide financial benefits to employees is on the rise as employees are becoming more likely to expect such benefits, according to a 2022 survey from the Employee Benefit Research Institute.

In June and July of 2022, EBRI surveyed 250 full-time executives, officers, and managers for companies with at least 500 employees, said Craig Copeland, EBRI’s wealth benefits research director. All the companies had to be at least interested in offering financial benefits to employees, and the individuals surveyed had to work in human resources, compensation, or finance.

“There will be a point where providing benefits ...