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Simplify Compliance Drive Success Executive Summary . . . A-1 Summary Data . . . B-1 Data and charts By Size. . . C-1 By Industry. . . D-1 By Type of Employer. . . . E-1 By Unionized Status . . .F-1 By Geography . . .G-1 By Status of Responder . . H-1 2014 Fringe Benefits Survey Perks How to use this report Table of contents Index

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Page 1: Simplify Compliance Drive Success - BLRstore.blr.com/aitdownloadablefiles/download/... · size Generated: March 31, 2014 Supplemental Insurance, Accident - Exempt 1XPEHURIHPSOR\HHV

Simplify ComplianceDrive Success

Executive Summary . . . A-1Summary Data . . . B-1

Data and chartsBy Size. . . C-1By Industry. . . D-1By Type of Employer. . . . E-1By Unionized Status . . .F-1By Geography . . .G-1By Status of Responder . . H-1

2014 Fringe Benefits Survey

Perks

How to use this reportTable of contentsIndex

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2014  Fringe  Benefits  Survey,  Perks  ©  Copyright  2014,  Business  &  Legal  Resources,  Inc.  141  Mill  Rock  Road,  East  Old  Saybrook,  CT    06475  860-­‐510-­‐5100  

Staff  Robert  Brady,  Executive  Editor  Sharon  McKnight,  Managing  Editor  Derek  Davis,  Associate  Editor  

About  this  survey  The  2014  BLR  Survey  of  Fringe  Benefits,  Perks,  is  part  of  a  regular  series  of    surveys  conducted  by  Business  &  Legal  Resources,  Inc.,  Brentwood,  TN  and  Old  Saybrook,  CT.    It  is  published  in  conjunction  with  BLR’s  print  and  internet  services,  including  HRLaws,  What  to  do  about  Personnel  Problems  in  [your  state],  Employee  Compensation  in  [your  state],  HR.BLR.com,  and  Compensation.BLR.com.  

Invitations  to  participate  were  sent  BLR  customers  in  February  of  2014  via  email,  and  over  1,400  respondents  completed  the  on-­‐line  survey.    The  results  were  cross-­‐tabulated  by  size  of  organization,  industry,  region,  union/non  union  status,  type  of  organization,  and  status  of  respondent.  

Questions  about  the  survey  can  be  addressed  to  [email protected].  

How  to  use  this  survey  There  are  two  major  parts  of  the  survey  report.    The  first  part  is  an  executive  summary  and  a  capsule  summary  of  the  data.    The  second  part  contains  the  cross  tabulated  data.    Cross  tabulation  is  useful  in  that  it  allows  users  to  compare  practices  in  organizations  similar  to  their  own.    For  example,  if  you  are  a  small  employer,  a  manufacturer,  a  non-­‐profit,  etc.,  you  can  look  to  the  appropriate  section  to  determine  how  you  compare  to  your  peers..  

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Table of ContentsDisability, short term, exempt. . . .C-1 Insurance, Lump sum cancer or critical illness - Non Exempt. . . .C-38Disability, long term, exempt. . . .C-2 Insurance, Life or juvenile life - Exempt. . . .C-39Life insurance - Exempt. . . .C-3 Insurance, Life or juvenile life - Non Exempt. . . .C-40Employee assistance program - Exempt. . . .C-4 Insurance, Medicare supplement - Exempt. . . .C-41Holidays, exempt. . . .C-5 Insurance, Medicare supplement - Non Exempt. . . .C-42Vacation, exempt. . . .C-6 Competitor comparisons. . . .C-43Sick days, exempt. . . .C-7 Decisions about benefits, how made. . . .C-44Paid time off (PTO) - Exempt. . . .C-8 Reviews of benefit packages, date since. . . .C-45Stock options or profit sharing - Exempt. . . .C-9 Changes for 2014-2015. . . .C-46Tuition reimbursement - Exempt. . . .C-10 Tuition Reimbursement Amounts. . . .C-47Health and wellness program - Exempt. . . .C-11 Part-time employees, tuition reimbursement. . . .C-48Flextime - Exempt. . . .C-12 Length of service, tuition reimbursement eligibility. . . .C-49Compressed workweek - Exempt. . . .C-13 tuition reimbursement, repayment. . . .C-50Telecommuting - Exempt. . . .C-14 Telecommuting, formal agreement. . . .C-51Job sharing - Exempt. . . .C-15 Telecommuting allowances. . . .C-52Retirement, gradual, exempt. . . .C-16 Telecommuting Reimbursement. . . .C-53Sabbaticals (paid or unpaid) - Exempt. . . .C-17 Telecommuting, employer satisfaction. . . .C-54Pet insurance - Exempt. . . .C-18 Telecommuting, why allowed. . . .C-55Childcare referral options - Exempt. . . .C-19 Dress Codes. . . .C-56Childcare, on-site, exempt. . . .C-20 Dess codes, relaxed for summ. . . .C-57Fitness center, on-site, exempt. . . .C-21 Dress code, dress down days. . . .C-58Financial planning assistance - Exempt. . . .C-22 Dress code, dress down days, frequency. . . .C-59Legal assistance program - Exempt. . . .C-23Commuter benefits - Exempt. . . .C-24Meals, subsidized, Exempt. . . .C-25Concierge service - Exempt. . . .C-26Insurance, Accident - Exempt. . . .C-27Insurance, Accident - Non Exempt. . . .C-28Insurance, Dental - Exempt. . . .C-29Insurance, Dental - Non Exempt. . . .C-30Insurance, Vision - Exempt. . . .C-31Insurance, Vision - Non Exempt. . . .C-32Insurance, Cancer or other specified disease - Exempt. . . .C-33Insurance, Cancer or other specified disease - Non Exempt. . . .C-34Insurance, Critical care & recovery - Exempt. . . .C-35Insurance, Critical care & recovery - Non Exempt. . . .C-36Insurance, Lump sum cancer or critical illness - Exempt. . . .C-37

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-1.2

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IndexChanges for 2014-2015. . . .C-46 Medicare supplement - Exempt. . . .C-41Cancer or critical illness - Exempt. . . .C-37 Medicare supplement - Non Exempt. . . .C-42Cancer or critical illness - Non Exempt. . . .C-38 Paid time off (PTO) - Exempt. . . .C-8Cancer or other specified disease - Exempt. . . .C-33 Part-time employees, tuition reimbursement. . . .C-48Cancer or other specified disease - Non Exempt. . . .C-34 Pet insurance - Exempt. . . .C-18Childcare referral options - Exempt. . . .C-19 Retirement, gradual, exempt. . . .C-16Childcare, on-site, exempt. . . .C-20 Reviews of benefit packages, date since. . . .C-45Commuter benefits - Exempt. . . .C-24 Sabbaticals (paid or unpaid) - Exempt. . . .C-17Competitor comparisons. . . .C-43 Sick days, exempt. . . .C-7Compressed workweek - Exempt. . . .C-13 Stock options or profit sharing - Exempt. . . .C-9Concierge service - Exempt. . . .C-26 Telecommuting - Exempt. . . .C-14Critical care & recovery - Exempt. . . .C-35 Telecommuting allowances. . . .C-52Critical care & recovery - Non Exempt. . . .C-36 Telecommuting Reimbursement. . . .C-53Decisions about benefits, how made. . . .C-44 Telecommuting, employer satisfaction. . . .C-54Dental - Exempt. . . .C-29 Telecommuting, formal agreement. . . .C-51Dental - Non Exempt. . . .C-30 Telecommuting, why allowed. . . .C-55Dess codes, relaxed for summ. . . .C-57 Tuition reimbursement - Exempt. . . .C-10Disability, long term, exempt. . . .C-2 Tuition Reimbursement Amounts. . . .C-47Disability, short term, exempt. . . .C-1 Tuition reimbursement, repayment. . . .C-50Dress code, dress down days, frequency. . . .C-59 Vacation, exempt. . . .C-6Dress code, dress down days. . . .C-58 Vision insurance - Non Exempt. . . .C-32Dress Codes. . . .C-56 Vision insurance- Exempt. . . .C-31Employee assistance program - Exempt. . . .C-4Financial planning assistance - Exempt. . . .C-22Fitness center, on-site, exempt. . . .C-21Flextime - Exempt. . . .C-12Health and wellness program - Exempt. . . .C-11Holidays, exempt. . . .C-5Insurance, Accident - Exempt. . . .C-27Insurance, Accident - Non Exempt. . . .C-28Job sharing - Exempt. . . .C-15Legal assistance program - Exempt. . . .C-23Length of service, tuition reimbursement eligibility. . . .C-49Life insurance - Exempt. . . .C-3Life or juvenile life - Exempt. . . .C-39Life or juvenile life - Non Exempt. . . .C-40Meals, subsidized, Exempt. . . .C-25

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-1.3

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61%work with a consultant to help themdevelop anemployee benefit plan.

13%plan no changes to their benefit plan in 2014 or 2015.

53%evaluated their benefits plan in 2013.

Benefits planningConducting employee surveys is the method used by 23.8% of employers to determine what non-wage benefits to offer employees and 38% evaluate the benefits offered by other companies as well as their competitors. Hiring a consultant to develop a benefit plan, however, is the norm for 61.4%.

A little over half (52.5%) of survey participants conducted a comprehensive evaluation of their benefits packages in 2013

and 24.6% have done so in 2014. A review of benefits was conducted in 2012 for 8.6% and in 2011 for 2.6%. It was prior to 2011, though, for 11.8%.

No changes are planned in 2014-2015 for 13% of survey participants. Minor changes are in store for 49.3% and moderate changes are planned for 30.7%. Significant changes are on deck, however, for 7%.

23.8%

61.4%

38.0%

16.4%

0% 10% 20% 30% 40% 50% 60% 70%

Survey employees

Work with a consultant

Evaluate competitors

Not sure

How you make benefits decisions

7%

31%

49%

13%

How extensive changes will be 2014-2015

Significant Moderate

Minor None

2014 BLR Fring Benefits Survey, Perks © Copyright 2014, Business & Legal Resources A-7

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Response percent

Response count

Very satisfied 27.5% 189

Somewhat satisfied 31.0% 213

Neutral 32.3% 222

Somewhat dissatisfied 7.4% 51

Very dissatisfied 1.9% 13

688

1343skipped question

How satisfied are you with telecommuting arrangements?

answered question

Response percent

Response count

Very relaxed 10.0% 166

Relaxed and casual 53.8% 894

Traditional/business attire 36.0% 599

Strict, suits only 0.2% 4

1663

368

What is your dress code for employees?

skipped question

answered question

Response percent Response count

No 69.6% 419

Yes, applies to all 16.8% 101

Yes, for employees with no customer contact 13.6% 82

602

1429skipped question

Is your dress code relaxed in summer months?

answered question

2014 BLR Fring Benefits Survey, Perks © Copyright 2014, Business & Legal Resources B-8

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size Generated: March 31, 2014

27. Supplemental Insurance, Accident - Exempt

Number of employeesTotal 1-50 51-100 101-250 251-500 501-1000 1000

Sample Size 1,464 283 261 355 201 140 224Combination funded

Column % 13.3% 7.4% 10.0% 12.4% 14.4% 21.4% 19.6%Employee funded

Column % 41.7% 33.2% 49.0% 48.2% 43.8% 39.3% 33.5%Employer funded

Column % 28.1% 29.7% 24.1% 26.5% 30.3% 27.9% 31.7%Not available

Column % 16.9% 29.7% 16.9% 13.0% 11.4% 11.4% 15.2%

58

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-7

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Supplemental Insurance, Accident - Exempt

7.2% 9.7% 12.5% 14.7% 21.2% 19.9%

33.0%

49.4% 48.4% 43.7%

40.1% 33.6%

29.7%

23.7% 26.2% 30.5% 27.0%

31.3%

30.1%

17.1% 12.8% 11.2% 11.7% 15.2%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

1-50 51-100 101-250 251-500 501-1000 1000

Col

umn

%

Combination funded Employee funded Employer funded Not available

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-8

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size Generated: March 31, 2014

43. How do your benefits compare with competitor employers?

Number of employeesTotal 1-50 51-100 101-250 251-500 501-1000 1000

Sample Size 1,681 373 308 392 225 148 235About the same

Column % 39.0% 28.7% 37.7% 43.9% 37.8% 40.5% 48.9%Don't know

Column % 14.7% 24.1% 16.6% 14.8% 10.2% 6.8% 6.4%Less Generous

Column % 8.6% 9.1% 10.1% 8.7% 11.1% 4.7% 5.5%More Generous

Column % 37.8% 38.1% 35.7% 32.7% 40.9% 48.0% 39.1%

74

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-39

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How do your benefits compare with competitor employers?

28.3% 37.6%

43.8% 37.3% 40.0%

49.1%

24.5% 16.5%

14.5%

10.0% 6.9%

5.9% 9.1% 10.2%

8.8%

11.4% 4.8%

5.0%

38.2% 35.6% 32.9% 41.4%

48.3% 40.1%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

1-50 51-100 101-250 251-500 501-1000 1000

Col

umn

%

About the same Don't know Less Generous More Generous

2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-40