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2005 CFO Human-Capital Survey
What finance executives say about cost control, choices, and concerns.
Don Durfee, CFO Magazine

In December 2004, CFO magazine conducted an online survey of 295 finance executives. Of those, 36% were CFOs or SVPs/EVPs of finance, 18% were controllers, 11% were VPs of finance, 6% were directors of finance, 2% were finance managers, and the rest held other finance titles.

The survey also reached a broad range of industries. For some charts, numbers may not add up to 100%, due to rounding.





































Health Care

U.S. health spending as a % of GDP in 1980: 8.8
Source: Employee Benefit Research Institute

U.S. health spending as a % of GDP in 2003: 15.3
Source: Employee Benefit Research Institute

U.S. citizens under 65 without health insurance: 17.3%
Source: Employee Benefit Research Institute

Employers willing to absorb health-cost increases in 2000: 52%
Source: Watson Wyatt/National Business Group on Health

Employers willing to absorb health-cost increases in 2004: 24%
Source: Watson Wyatt/National Business Group on Health

U.S. adults who trust HMOs: 4%
Source: Harris Polling

U.S. adults who trust telephone companies: 12%
Source: Harris Polling



Retirement

Savings in the U.S. as a % of disposable income in 1990: 7.8
Source: U.S. Statistical Abstract, 2003

Savings as a % of disposable income in: 3.7
Source: U.S. Statistical Abstract, 2003

Market capitalization for United Airlines: $142M
Source: Yahoo Finance

United's unfunded pension liabilities: $8.3B
Source: Government Accountability Office

Number of defined-benefit plans in the mid-1980s: 112,000
Source: MSN Money

Number of defined-benefit plans today: 31,000
Source: MSN Money

CFOs who say their pension plan hurts their financial results: 76%
Source: SEI Investments



Outsourcing

Cost savings per paycheck from outsourcing payroll: 35%
Source: PricewaterhouseCoopers/ADP

Savings per employee from outsourcing HRIS: 50%
Source: PricewaterhouseCoopers/ADP

Top managers who say cost reduction is the reason to outsource HR: 79%
Source: The Conference Board

HR managers who say cost reduction is the reason to outsource HR: 57%
Source: The Conference Board

Managers who say they measure savings from outsourcing HR: 77%
Source: The Conference Board



Perks

Employees willing to curtail their careers in favor of more family time: 72%
Source: Harris Interactive

Employees who favor flextime, job sharing, and telecommuting: 96%
Source: Harris Interactive

Employees who list dental coverage among the most important benefits: 50%
Source: MetLife

Employers who offer dental benefits: 78%
Source: CFO magazine survey

Employees who list vision care among the most important benefits: 31%
Source: MetLife

Americans who receive vision care benefits: 70%
Source: MetLife

Employees who say they are satisfied with their overall benefits: 36%
Source: MetLife



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