Employee Benefits


U.S. companies will pay on average 15.4% more in 2003 to provide their workers with health insurance than they did this year, when rates climbed 13.7%, says consulting group Hewitt Associates ( http://was.hewitt.com/hewitt ). Some corporations will absorb most of the increase, but others will ask employees to contribute more than in the past. Next year, workers will pay on average 19% of the cost of their own coverage and 24% of dependent care premiums. Hewitt bases its projections on information from more than 2,000 U.S. health plans.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.