2006-09-04 09:33:16 · 6 answers · asked by pussnboots333 4 in Business & Finance ➔ Investing
It seems like every year companies decrease the benefits that were originally offered. Health insurance prices go up, co-pays go up, Raises get smaller and 401 k deposits stopped getting matched. That's why you always gotta keep your options open to what may be better somewhere else. If you have a job that's in high demand you can find something better. If my employer stopped matching my contribution, it would be like a 2% pay cut-- and that's not counting the interest I would no longer make off the 2%.
2006-09-04 09:45:23 · answer #1 · answered by kathy r 3 · 0⤊ 0⤋
When companies start cutting back on employee benefits it's a good time to take a closer look at what else is going on. Many times, benefit changes like stopping contributions to 401K, profit sharing accounts or other such benefits can be a sign that there are financial troubles withn the company.
2006-09-04 16:38:47 · answer #2 · answered by limgrn_maria 4 · 0⤊ 0⤋
Did you ask them? Maybe they found something else their employees would rather have, or they cannot afford it any more, or a myriad of possibilities. Only the company could tell you for sure. It is not their responsibility to match, but an extra perk which they can choose to or not to supply.
2006-09-04 16:41:29 · answer #3 · answered by wbecca52 3 · 1⤊ 0⤋
That happened to me. Be careful, the company may be in financial trouble.
2006-09-04 16:37:16 · answer #4 · answered by Debbie P 2 · 0⤊ 0⤋
Financial issues.
2006-09-04 16:36:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
save money
2006-09-04 16:38:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋