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Are your employees clamoring for naptime and
pet health insurance as employee perks? A recent SHRM survey shows that
most employers are still focusing on the basics in their benefits plans.
Many articles have been written lately about
the new, cutting-edge benefits employers are offering to attract and
retain employees, such as concierge services and take-home meals.
However, a recent survey answered by 606 human resources professionals for
the Society for Human Resource Management (SHRM) indicates that most
employers still primarily provide traditional benefits such as health
insurance and paid leave. The survey respondents work at a wide variety
of employers, including manufacturers, health services, financial
institutions, and nonprofit organizations, which range in size from less
than 100 employees to over 5000 employees.
Health, Life Insurance Provided by
Most Employers
According to the survey, almost all of the
respondents offer some sort of health insurance (99%), dental insurance
(96%), and life insurance (95%). Health screening and wellness programs
also are popular, although the number of responding organizations offering
these benefits dropped slightly since last year. The number of employers
offering health screening programs (such as cholesterol and blood pressure
tests) declined from 48% in 1999 to 41% in 2000, while wellness programs
suffered a dip from 56% of respondents in 1999 to 49% in 2000. On-site
flu vaccination programs, however, continued to gain in popularity and
increased from 61% in 1999 to 65% in 2000.
Family-Friendly Benefits Emphasize
Flexible Scheduling
Benefits that focus on flexibility for
employees who want more family time are offered by most of the
respondents. Over half of the respondents (51%) offer flextime, while
over a quarter allow different alternative work schedules, including
compressed work weeks (27%), telecommuting (26%), and job sharing (22%).
However, both childcare and elder care benefits are relatively rare. Only
6% of the respondents subsidize childcare costs, and 17% provide childcare
referral services. Elder care benefits fare even worse, with only 1% of
respondents subsidizing the costs of elder care and 15% providing referral
services.
A surprising number of employers actually
have decreased their paid time-off benefits. Only 87% of the respondents
offer vacation for 2000 (compared to 94% in 1999), and 41% provide paid
personal days (down from 55% in 1999). In addition, only 74% offer paid
sick days for 2000. These numbers are particularly confounding given the
assumption that employers should offer more paid time off to attract new
workers in the tight labor market. The SHRM survey does not provide any
satisfactory explanation for this result.
Unusual Benefits Few and Far
Between
In spite of the media’s focus on the
unusual, most employers do not offer the new personal “lifestyle” perks.
Only 10% of respondents offer dry cleaning services, while concierge
services (where a hotel-type concierge arranges personal services like
dinner reservations and personal shopping) are provided by 4%. Pet health
insurance (to cover Fido’s surgery), naptime (to rejuvenate the harried
executive or shift worker), and prepared meals to take home are offered by
only 1% of the organizations surveyed.
For more information: SHRM 2000 Benefits
Survey, available for $39.95 for non-SHRM members by calling
1-800-444-5006. SHRM members can access the full survey for free on the
Internet at
http://www.shrm.org/surveys/.
Percent of Companies Surveyed Offering
Traditional Benefits
| Benefit |
% Offered |
| Health Insurance |
99
|
| Dental Insurance |
96
|
| Life Insurance |
95
|
| Paid Vacation |
87
|
| Paid Sick Days |
74 |
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