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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
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..
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
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
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
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
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
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
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
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