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Piggy banks with calculator and stethoscope More communication between HR and benefits professionals and the finance department will be a priority going forward. (Photo: Shutterstock)

Health benefits are second only to employee compensation as the largest HR expense for most businesses. Not surprisingly, holding the line on costs is a leading concern for CFOs as inflation reaches the highest level in decades.

In a recent Mercer survey, more than half of CFOs ranked it among their top five concerns, and nearly two-thirds said costs need to be at or below the Consumer Price Index to be sustainable for their organization.

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