News and Research
Trends and Research
Check this section frequently to stay abreast of the latest compliance news and updates that affect you, including state and federal legislative updates, industry trends, recent surveys, and other topics of interest to HR managers.
Average Employee Benefit Plan Costs and Coverage
The Agency for Healthcare Research and Quality has released the results of their 2008 study "Employer-Sponsored Single, Employee-Plus-One, and Family Health Insurance Coverage: Selection and Cost." The study found that of the employees enrolled in an employer-sponsored health plan in the private sector, 50.2% of the employees had employee only coverage. The average cost of employee only coverage was $4,386 per year and $12,298 for family premiums. Twenty-two percent of employers paid the entire cost of employee only premiums. The data is also broken down by employer size.
What is Important to Employees?
The Center for State & Local Government Excellence surveyed 1,200 Americans asking them what was important to them in regards to employment. An employer's health insurance plan was selected as very important by 84% of the respondents. The amount of vacation time was actually the lowest rated benefit with only 46% selecting it as very important.
Unum Study: HR Trends and Challenges
This study from Unum looks at the changing demographic, economic, and social landscape of the U.S. workplace and the impact of these changes on employers. Trends such as rising healthcare costs, increasing diversity in the workplace, and the shift toward "employee-centric" benefits are discussed, along with their implications for employers.
BLS Compensation and Benefits Survey
The U.S. Bureau of Labor Statistics has released the results of "National Compensation Survey: Employee Benefits in the United States." Some of the findings include: 71% of private industry workers have medical care benefits available, compared to 88% among State and local government workers; employers paid 82% of the cost of single coverage and 71% of the cost for family coverage; and paid sick leave is available to approximately two-thirds of workers. The data is also available broken down by industry and employer size.
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