Compdata Surveys & Consulting Blog

Leap Year: How Employer Benefits Plans Have Changed in the Past Four Years

Posted by KC Hall on Feb 29, 2016 8:55:08 AM

Today is Leap Day, the quirky extra day in February that comes once every four years. To honor the occasion, Compdata looked at employer-offered benefits and how they have changed over the last four years. Analyzing data from Benefits USA 2011/2012 and Benefits USA 2015/2016, here are four notable shifts in benefits since our last leap year:

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Topics: Benefits, Trends, Benefits USA, Retirement Plans, wellness, Vacation, Medical Plans

For Many Employers, Employee Wellness is No Longer Merely an Option

Posted by Amy Kaminski on Apr 18, 2013 3:29:32 AM

Kansas City, Kan.— There have been a number of companies making headlines over the last year as details of various wellness initiatives have been leaked to the public. CVS Caremark being the latest, now requires each of their employees to receive health screenings to include weight, cholesterol, blood sugar and blood pressure, or face a $50 per month penalty on their health insurance premiums. Although some may tout these measures as being drastic, they are becoming increasingly common for employers looking to combat the rising cost of healthcare. In fact, the Compdata Surveys Benefits USA 2012/2013 survey results found 34 percent of employers offering wellness programs either provide insurance discounts for employees participating in wellness programs or impose penalties on employees with risk factors, who aren't taking action. That's up from just 25.4 percent in 2009.

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Topics: Benefit News, News, Benefits USA, wellness, Medical Insurance

Employers Use Voluntary Benefits to Enhance Plans

Posted by Amy Kaminski on Dec 12, 2012 8:55:03 AM

With slow economic growth and minimal pay increase budgets to work with, it’s no wonder companies continue to count every dollar when it comes to benefits planning. Human resources professionals, who are also dealing with the demands of employees to offer more comprehensive coverage, have found that offering voluntary benefits may be the key to boosting the value of their company’s benefits plan.

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Topics: dataLink, Benefit News, Benefits USA

Voluntary Benefits and Perks Add Value to Traditional Employer Benefit Plans

Posted by Amy Kaminski on Nov 28, 2012 2:13:57 AM

Kansas City, Kan.— With slow economic growth and minimal pay increase budgets to work with, it's no wonder companies continue to count every dollar when it comes to benefits planning. Human resources professionals, who are also dealing with the demands of employees to offer more comprehensive coverage, have found that offering voluntary benefits may be the key to boosting the value of their company's benefits plan.

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Topics: Benefit News, News, Benefits USA

Flexible Spending Accounts Face a Big Change in 2013

Posted by Amy Kaminski on Oct 30, 2012 3:22:22 AM

Kansas City, Kan.— Medical costs are continuing to soar, leaving many Americans clambering to find a way to alleviate some of the burden of expensive medical care, particularly procedures insurance doesn't fully cover. Many employers are providing assistance by offering flexible benefit programs, such as flexible spending accounts to their employees as a part of their benefit plan. The Benefits USA 2012/2013 survey results found 89.7 percent of companies offer a flexible spending account to their employees, with 23.6 percent of employees at these organizations enrolling in them.

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Topics: Benefit News, News, Benefits USA, Medical Insurance

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

The Benefits USA 2011/2012 Survey Reports Companies Struggling To Afford Retiree Health Benefits

Posted by Amy Kaminski on Mar 17, 2012 9:37:05 AM

Original Article: Recruiter.com

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Topics: In the News, Benefit News, Benefits USA

Going Beyond the Norm: Some Companies Offering Paid Time-Off for Special Circumstances

Posted by Amy Kaminski on Mar 13, 2012 12:33:10 PM

Kansas City, Kan.— It's no secret companies are still recovering from the recession and as a result, employees are putting in longer hours. Some companies, however, are offering additional paid time-off for special circumstances that arise, which may help employees maintain their work-life balance. The Benefits USA 2011/2012 survey results found 33.3 percent of companies offered paid time-off for a death in the family. Employees are granted an average of 3.4 days.

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Topics: Benefit News, time off, News, Benefits USA

A healthy work environment

Posted by Amy Kaminski on Feb 18, 2012 7:59:29 AM

Original Article: The Atlanta Journal-Constitution

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Topics: In the News, Benefits USA, wellness

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