Most employers (57%) expect their organisation’s HR or benefits technology spend to increase in the next 12 months, according to the Employee Benefits/Lorica 100 Club research 2014, published in June.
A total of 39% expect costs to remain about the same, according to the survey.
Just 2% of the 51 employers that answered the question expect their costs to decrease, while 2% do not know their expected spend over the next year.
One-third (32%) of 54 employers are currently considering their future benefits technology spend, while 6% do not have a technology budget and do not expect this to change in the near future.
And 24% of employers expect the costs of their pensions and total reward platforms technology to increase the most over the next couple of years.