Confidence in voluntary benefits sales growth has fallen.
Eastbridge Consulting Group Inc., Avon, Conn., reports that its Worksite Confidence Index stood at 96.2 at mid-year, down from 101 in mid-2007.
Eastbridge bases the index on results from a survey of voluntary marketers’ expectations for sales growth, profitability and employee interest in voluntary benefits.
The benchmark level of 100 was set in 2005.
The percentage of respondents who think that sales will “increase a lot” fell to 24%, down from 34% a year earlier.