For over 50 years, many Americans have had their health and retirement secured by the voluntary benefits that their employers have sponsored. Part I of The American Workplace 2005 looks at the attempts employers are making to maintain those benefits for future generations of workers. Faced with increased foreign competition, spiraling health care costs and an aging workforce, employers are being forced to make difficult decisions that have a direct impact on the quality of their worker’s lives and on their own ability to survive. This, the tenth edition of The American Workplace, looks at the underlying demographic and cost trends that have resulted in the challenges that employer face in providing benefits today. These trends make it unlikely that America’s employers can continue indefinitely to shoulder the cost of the benefits programs they have in place. Innovative thinkers have developed some programs that are seeking to better equip workers to make informed decisions about their health care. This includes information about the cost and success of different treatment options that is readily accessible and more transparent than that provided today. The purchasing power of America’s large employers may be the force necessary to drive the medical industry to adopt these new standards. Part II of the report, “Factbook on the U.S. Workplace,” is a closer look at the success America has enjoyed so far and the challenges it faces in the future. These challenges are closely related to the employer-provided benefits discussed in Part I of The American Workplace 2005. Slowing labor force growth means fewer employees are available to spread the cost of benefit plans across. Slower population growth, combined with stable college graduation works means fewer college graduates to replace those about to retire. Tuition reimbursement benefits have the potential to help boost the number of college graduates to help fill the need left by retiring baby boomers. The American Workplace 2005 should provide a guide to policymakers, human resources professionals and the public as they examine and evaluate the changing nature of employee benefits and develop strategies for the future.
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Editorial Reviews
From the Author
The American Workplace 2005 should provide a guide to policymakers, human resources professionals and the public as they examine and evaluate the changing nature of employee benefits and develop strategies for the future. This edition of The American Workplace could not have been possible without the contributions of the EPF Staff—Mike Chittenden, Danielle Maxwell, Hugh Saunders and Will Shields.
About the Author
The Employment Policy Foundation (EPF) is a nonprofit, nonpartisan public policy research and educational foundation based in Washington, D.C. that focuses on workplace trends and policies. Its mission: to shape the direction and development of U.S. employment policies by providing policymakers, the media and the public with timely, high quality economic analysis and commentary. Federal and state executive branch officials and legislators, corporations, think tanks, universities, media and the public use EPF as a primary source of unbiased, reliable data, research and knowledge on employment and labor issues.
EPF believes that achieving sound employment policy requires objective research, strategic analysis and prudent forecasting. To that end, EPF has created a body of research and competitive knowledge on human resources and employment issues.
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