Charter organizations face growing budget pressures - relatively flat pupil revenue, unexpected liabilities, rising salaries and rising health insurance costs - making it more and more difficult for charters to succeed.
Charter schools partner with HUB in two equally important areas – 1) to maximize their employee total compensation to compete for the best talent and 2) to strengthen operations to protect their school from liability. These two areas, if poorly managed, can compound the difficulty of accomplishing a charter organization’s mission. Learn more about us and how we help charter organizations ultimately reduce their total cost of operation and maximize their total compensation dollars to attract better talent.
Rising health benefit costs are eroding total teacher compensation and forcing cuts in mission-critical areas at charter schools across the country. Those are the findings from a survey of CMO decision-makers conducted by BuyQ in Spring 2018. In our report, Condition Critical, we shed light not only on the factors shaping CMO decisions around employee health benefits, but also on a pathway forward, with steps CMOs can take today to more effectively manage this vital area of their operations.
60 percent of CMO respondents have had to limit investments in mission critical areas due to increases in the cost of health insurance benefits.
23 CMO representing 15,500 employees responded
7 out of 10 respondents agree that better management of their CMO’s health insurance benefits program could result in cost savings.