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Organizations that provide consultation in employee

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Unformatted text preview: hanges due to the downward swing in the market. Organizations that provide consultation in employee benefits are faced with the daunting task of redefining their value proposition in the new world of healthcare reform. Some experts believe that short of a repeal of PPACA, the next phase of legislation 2012 Colorado Business Economic Outlook will surely target the workers’ compensation insurance industry. Competition in the insurance agency sector continues to be fierce. Brokers and agents grapple with one another to regain lost commission revenue and replace clients who have gone out of business. Competition will continue to escalate as federal and local insurance legislation makes Colorado a target-rich environment for professional employer organizations (PEOs). Many PEOs offer employee benefits, workers’ compensation, and retirement programs that compete directly with the products and services delivered by agents and brokers. In addition, as employers look to reduce staff, some of the services delivered by PEOs allow companies to downsize or eliminate sta...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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