Changes to Reward Programs U.S. Employers are Considering in Light of Health Care Reform

According to the 2013 Towers Watson Talent Management and Rewards Pulse Survey, nearly half of U.S. employers (45%) are considering making changes to their total rewards programs or workforce strategies. of those respondents considering making changes, nearly half (49%) either have redirected or are considering redirecting rewards from one program to another, while 42% either have reduced or are considering reducing subsidies for dependent health care coverage. More than one-third (37%) either have reevaluated or are considering reevaluating their employee value proposition to place more emphasis on variable pay.
98% of organizations that are considering changing their total rewards strategy or mix said they have not and are not considering asking current full-time employees to change to part-time status. 95% have not and are not considering making greater use of contract workers. 89% have not and are not considering discontinuing employer-sponsored health coverage for some or all active full-time employees.
Source: Towers Watson