Wackenhut Enhances Health Insurance Plans Without Raising Costs

PALM BEACH GARDENS, Fla., Nov. 26 /PRNewswire/ -- The Wackenhut Corporation, the leading security services provider, announced today that it has once again managed to enhance its employee medical and dental insurance plans significantly for most employees, without raising costs. This is further validation that Wackenhut's focus on employee welfare is a primary business objective.

The Human Resources consulting firm, Mercer, released an overview of its most recent annual National Survey of Employer-Sponsored Health Plans, in which it reported that the total health benefit cost paid by U.S. companies rose by 6.1 percent in 2007, averaging $7,983 per employee. Most of the cost increase was passed on to employees. Wackenhut Human Resources worked diligently with United Healthcare and other major carriers to ensure that Wackenhut employees were not burdened with this increased health benefit cost.

Gary A. Sanders, Chairman of the Board and Chief Executive Officer of The Wackenhut Corporation said, "This is another major achievement and one which directly and positively impacts our dedicated employees, especially considering that Mercer pointed out that health costs grew at more than twice the rate of inflation, outpacing wages and material costs, and eroding business profitability." An Employee Assistance Program for everyone at Wackenhut was also implemented, at no cost to employees.

About the Wackenhut Corporation

The Wackenhut Corporation is the leading provider of security and security-related services in the U.S. With operations across the country, Wackenhut has the expertise and the resources to meet its customers' requirements for quality security, training, consulting and investigative services. Wackenhut is the employer of choice to more than 38,000 men and women, many of whom have proudly served in the military or have had law enforcement careers. Additional information about Wackenhut is available on its Web site at http://www.wackenhut.com.

SOURCE Wackenhut Corporation



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