Compdata Surveys & Consulting Blog

Insurance Costs Continue Trending Upward for Manufacturing & Distribution Organizations

Posted by Amy Kaminski on Oct 18, 2012 3:31:33 AM

Kansas City, Kan.— It's no surprise that with a looming nursing shortage, obesity at epidemic levels and baby boomers entering their golden years that there isn't any foreseeable end in sight to the rising cost of healthcare. In fact, the 2012 Compensation Data Manufacturing & Distribution survey results reported the average annual cost of insurance per employee on a manufacturing and distribution employer sponsored PPO plan is $8,326. That's up from $7,227 reported in 2009, an increase of 15.2 percent in three years.

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Topics: Benefit News, News, Manufacturing & Distribution, Manufacturing, Medical Insurance

Hospitality Employers Seek Ways to Create a Flexible Work Environment

Posted by Amy Kaminski on Oct 16, 2012 3:14:21 AM

Kansas City, Kan.— As economic conditions continue to slowly improve and companies are once again beginning to hire new employees to rebuild their workforce, employers across the country are looking for ways to attract and retain employees without resorting to hefty pay increases or expensive benefit plans. As a result, some employers have found that adopting a results-only work environment (ROWE) may be the key to creating an attractive work environment for employees.

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Topics: Benefit News, time off, News, Hospitality

Not-For-Profit Employers Turn to Wellness Programs to Suppress Rising Costs

Posted by Amy Kaminski on Oct 9, 2012 3:27:14 AM

Kansas City, Kan.— In 2012, roughly two-thirds of not-for-profit employers experienced increases to their medical insurance premiums, according to the 2012 Compensation Data Not-For-Profit survey results. The average increase reported by these organizations was 8.6 percent, down from 9.9 percent reported in 2011 and 10.3 percent in 2010. Despite the drop in the average premium increase, not-for-profit organizations still contribute 10.6 percent of their total payroll costs toward providing medical insurance to their employees. Employers everywhere are looking for ways to curtail rising healthcare costs and as a result, many are turning to wellness programs.

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Topics: Benefit News, News, Not-for-profit, wellness, Medical Insurance

Hospitality Employers Scramble to Find Relief on Prescription Costs

Posted by Amy Kaminski on Oct 2, 2012 3:17:57 AM

Kansas City, Kan.— According to the Kaiser Family Foundation, Americans filled more than 3.7 billion prescriptions in 2010. Because the rate at which individuals developing chronic health conditions continues to increase, the expected decline in drug costs comes as little comfort to hospitality employers who are largely footing the bill, as an overwhelming majority still offer prescription coverage to employees as a part of their medical plan. These increasing costs translate to higher premiums for employers and employees, as well as increasing co-pays.

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Topics: Prescription Costs, Benefit News, News, Hospitality, Medical Insurance

Banking and Finance Employers Seek Ways to Create a Flexible Work Environment

Posted by Amy Kaminski on Oct 1, 2012 3:28:12 AM

Kansas City, Kan.— As economic conditions continue to slowly improve and companies are once again beginning to hire new employees to rebuild their workforce, employers across the country are looking for ways to attract and retain employees without resorting to hefty pay increases or expensive benefit plans. As a result, some employers have found that adopting a results-only work environment (ROWE) may be the key to creating an attractive work environment for employees.

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Topics: Banking & Finance, Benefit News, time off, News

More employers offering tuition reimbursement: Survey

Posted by Amy Kaminski on Sep 28, 2012 8:55:11 AM

Original Article: Canadian HR Reporter

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Topics: In the News, Benefit News, Tuition Reimbursement, Benefits USA

Offering Tuition Reimbursement Gives Employers Competitive Edge

Posted by Amy Kaminski on Sep 27, 2012 3:33:03 AM

Kansas City, Kan.— Even as tuition rates continue to escalate, the number of working adults re-entering the classroom to earn college degrees is on the rise. Many employers have picked up on this trend and are seizing the opportunity to offer a valuable benefit to their workforce. The Benefits USA 2012/2013 survey results found 56.6 percent of employers now offer tuition reimbursement to all employees, which is a significant increase from 34.9 percent reported in 2009.

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Topics: Benefit News, News, Tuition Reimbursement, Benefits USA

Insurance Costs Continue Trending Upward for Utilities Organizations

Posted by Amy Kaminski on Sep 25, 2012 7:45:49 AM

Kansas City, Kan.— It's no surprise that with a looming nursing shortage, obesity at epidemic levels and baby boomers entering their golden years that there isn't any foreseeable end in sight to the rising cost of healthcare. In fact, the 2012 Compensation Data Utilities survey results reported the average annual cost of insurance per employee on a utilities employer sponsored PPO plan is $8,602. That's up from $8,131 reported in 2010, an increase of 5.8 percent in two years.

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Topics: Utilities, Benefit News, News, Medical Insurance

Manufacturing & Distribution Employers Turn to Wellness Programs to Suppress Rising Costs

Posted by Amy Kaminski on Sep 19, 2012 4:17:46 AM

Kansas City, Kan.— In 2012, roughly two-thirds of manufacturing and distribution industry employers experienced increases to their medical insurance premiums, according to the 2012 Compensation Data Manufacturing & Distribution survey results. The average increase reported by these organizations was 10.2 percent, down from 11 percent reported in 2011. Despite the drop in the average premium increase, manufacturing and distribution organizations still contribute 10.5 percent of their total payroll costs toward providing medical insurance to their employees. Employers everywhere are looking for ways to curtail rising healthcare costs and as a result, many are turning to wellness programs.

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Topics: Benefit News, News, Manufacturing, wellness, Medical Insurance

Not-For-Profit Organizations Seek Ways to Create a Flexible Work Environment

Posted by Amy Kaminski on Sep 18, 2012 3:27:58 AM

Kansas City, Kan.— As economic conditions continue to slowly improve and companies are once again beginning to hire new employees to rebuild their workforce, employers across the country are looking for ways to attract and retain employees without resorting to hefty pay increases or expensive benefit plans. As a result, some employers have found that adopting a results-only work environment (ROWE) may be the key to creating an attractive work environment for employees.

Read More

Topics: Benefit News, time off, News, Not-for-profit

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