Compdata Surveys & Consulting Blog

Employer-Reported Turnover Rates by Industry

Posted by KC Hall on Jan 14, 2016 8:49:57 AM

With a new year upon us, many are taking a fresh look at key business metrics. One worth a look? Your turnover rate. To help provide some context regarding your organization's turnover rate, the infographic below provides total turnover rates by industry, as reported by employers in 2015. 

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Topics: employee turnover, Banking & Finance, Utilities, Not-for-profit, Hospitality, Turnover, Insurance, Manufacturing, Healthcare, Turnover Rates, distrbution, Higher Education

Hospitality: Projected Pay Increase Budgets for 2016

Posted by KC Hall on Dec 11, 2015 4:54:14 PM

Our series on 2016 projected pay increase budgets continues. We've already published 2016 projected pay increases for:

 

Today, we're sharing those 2016 pay increase budget projections for the Hospitality industry, and, next week, we'll release 2016 projected pay increase budgets for Insurance, Not-for-Profit and Colleges. We'll also share cross-industry numbers and trends. 

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Topics: compensation, Hospitality, salary survey, pay increase, projected pay increase budget

Insurance Costs Continue Trending Upward for Hospitality Organizations

Posted by Amy Kaminski on Dec 6, 2012 2:39:22 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 Hospitality survey results reported the average annual cost of insurance per employee on a hospitality employer sponsored PPO plan is $6,380. That's up from $4,902 reported in 2009, an increase of 30.2 percent in three years.

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Topics: Benefit News, News, Hospitality, 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

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

Wellness Programs on the Rise for Hospitality Employers

Posted by Amy Kaminski on Sep 25, 2012 3:53:54 AM

According to the newly released 2012 Compensation Data Hospitality survey results, employers are providing many options to their employees concerning health and wellness programs. With prevention becoming the buzzword, organizations are taking steps to increase their employees’ health and wellness through various programs.

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Topics: dataLink, Hospitality, wellness

Hospitality Pay Increase Budgets See Small Increases

Posted by Amy Kaminski on Sep 25, 2012 3:50:57 AM

As the economy struggles to regain its footing, pay increase budgets increased for hospitality organizations this year. The 2012 Compensation Data Hospitality survey results reported pay increase budgets at 2.7 percent, reflecting an increase from 2.4 percent reported in 2011 and 1.9 percent reported in 2010. Pay increase budgets are projected to increase slightly in 2013, up to 2.9 percent.

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Topics: dataLink, Hospitality, pay increase budgets

Medical Insurance Costs Remain High for Hospitality Employers

Posted by Amy Kaminski on Sep 25, 2012 3:48:53 AM

The newly released 2012 Compensation Data Hospitality survey results show medical insurance premiums have increased by an average of 8.4 percent over the last year. This is a smaller increase compared to 2011 where the average premium increase reported was 9.3 percent. This year, PPO plans had one of the largest increases at 9.1 percent.

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Topics: dataLink, Hospitality, Medical Insurance

Hospitality Pay Increase Budgets Show Slight Increase

Posted by Amy Kaminski on Sep 10, 2012 3:35:13 AM

Kansas City, Kan.— The Bureau of Labor Statistics recently reported the unemployment rate dropped slightly to 8.1 percent as of August 2012. Though the unemployment rate appears to have stagnated over the past several months, pay increase budgets are beginning to show signs of improvement. The 2012 Compensation Data Hospitality survey results reported pay increase budgets at 2.7 percent, reflecting an increase from 2.4 percent reported in 2011 and 1.9 percent reported in 2010. Pay increase budgets are projected to increase to 2.9 percent in 2013.

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Topics: compensation, News, Hospitality, pay increase budgets

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