Contrary to commonly-held beliefs, the focus for chief financial officers (CFOs) goes far beyond controlling costs when it comes to health benefits, according to a new survey that finds that as partners in making health benefits decisions, CFOs do not focus single-mindedly on financials.
 |
According to the survey of CFOs conducted by the Integrated Benefits Institute (IBI), nearly half (44%) of respondents identified controlling costs as the most important of their company’s top goals for health and related benefits.
A total of 345 CFOs, controllers, directors, vice presidents of finance, treasurers, and other senior finance executives at companies with annual revenues of at least $100 million responded to the survey.
The other top goals identified by survey respondents were:
- Attracting, retaining, (36%) and satisfying talent (15%);
- Helping employees become better consumers of health care (10%);
- Helping enrollees become healthier (9%); and
- Improving workforce productivity (2%)