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October 22, 2003
Employers Trim Family Friendly Benefits
As the economy continues to inch toward recovery, more employers are targeting flexible work schedules, telecommuting, and job sharing for reductions, USA Today reports.

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It is the first time in years that employers have eyed these benefits, which many consider family friendly, for possible cuts, according to the newspaper.

The newspaper cites a survey from the Society for Human Resource Management that found fewer companies offering benefits like telecommuting, flexible schedules, and adoption assistance.

USA Today spoke with 20 employers and benefits experts to find possible reasons behind the cuts. They say that because the jobless economic recovery means that more workers are competing for the same positions, the benefits are no longer needed to attract and retain workers.

Employers and benefits experts also tell the newspaper that rising healthcare costs are to blame for some of the reductions. Many companies are trying to offset the increases in healthcare costs with reductions in what they view as nonessential benefits, according to the newspaper.


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