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.
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
A new study released by 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 the "National Compensation Survey: Employee Benefits in Private Industry in the United States." Some of the findings include: 69% of employers offer paid funeral leave; the average number of paid holidays is 8; and employers pay an average medical premium of $293.25 per month per employee for single coverage. The data is also available broken down by industry and employer size.
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