Lucas Group, one of the nations largest executive search firms, reports that the continued increases in healthcare benefits may have an impact on the recruiting industry.
FOR IMMEDIATE RELEASE
Contact:
Beth Doling, Marketing Coordinator
Lucas Group
3384 Peachtree Road, Ste. 700
Atlanta, GA 30326
(404) 239-5620 x122
marketing@lucasgroup.com
www.lucasgroup.com
RECRUITING INDUSTRY TAKING NOTICE OF
RISING HEALTHCARE COSTS
ATLANTA (August 20, 2004)— Lucas Group, one of the nations largest executive search firms, reports that the continued increases in healthcare benefits may have an impact on the recruiting industry.
If costs for healthcare benefits continue to rise, as in recent years past, it will mark the fifth year that healthcare costs have soared with a double-digit increase. So far this year, employers have already seen as much as a five percent increase and many times the increase in healthcare benefits is not a result of an increase in premiums.
"Many employers are looking at how healthcare costs are cutting into their budgets and in turn this has an impact on many expenses for the HR department," says Alex Baxter, Managing Partner at Lucas Group. "Our industry has not seen a direct impact at this moment, but recruiting firms are taking notice and strategizing for the possible impact that these rising healthcare costs will have on outsourced recruitment."
The executive search firm also notes that employers are also taking notice and strategizing to prevent any impacts these rising costs may have. Many are looking to ensure savings by implementing cost-cutting measures that include raising employee copayments, developing wellness programs, introducing flexible health spending accounts and developing educational programs that bring healthcare cost awareness to its employees.
About Lucas Group
Lucas Group is one of the nations largest executive search firms, known for its targeted executive searches and quality, specialized service. In an exclusive partnership with The Wall Street Journal and CareerJournal.com, the search firm has grown and increased its reach, while maintaining a commitment to high performance and unsurpassed industry knowledge. Lucas Group focuses on recruiting top executives in management, advertising/marketing, sales, accounting, manufacturing, legal, military personnel transitioning and technical positions across all major industries. With offices in all major US cities including Atlanta, New York, Washington DC, Chicago, Los Angeles, Denver, and Dallas to name a few, Lucas Group performs search assignments nationwide for Fortune 100, 200, 500 and 1000, as well as regional businesses and entrepreneurial firms.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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