Among large businesses, chief operating officers wish to take more control of the employee benefit programs they provide for their workers, a new report indicates.
According to human resources firm Aon Hewitt and its study, "2012 Corporate Governance of Global Employee Benefits," a considerable number of multinational companies say they'd like more oversight over the benefit offerings they provide to their workers.
At the same time, though, these companies don't want to assume so much control that it diminishes options for workers who take advantage of them.
"More and more companies want to have a better line of sight and at least some control over the benefits decisions made by their local operations," said Amol Mhatre, corporate leader of Aon Hewitt's global benefits strategy and solutions division.
He added that managers wish to do this to better manage reputational risks, but financial matters also play a role.
James Klein, president of the American Benefits Institute, which helped fund the study, stated that employee benefits decisions business owners take on play a role in how their companies will fare in the financial realm both in the short and long-term.
