Total costs of benefits to employers have increased 368 percent over 14 years--health benefit costs alone increased by 28 percent. (Image: Shutterstock)
A new analysis on the cost of employee benefits to employers provides some interesting insights on the differences that size, geographic location, and industry can bring to the value of benefits that workers receive.
The report, by Bay Alarm Medical, looks at a range of employee benefits alongside compensation costs. Using data from National Compensation Survey's Employer Costs for Employee Compensation (ECEC) report, which gathers information from roughly 27,200 occupations and 6,600 private industries, the analysis provides insight into how companies are investing in benefits for their employees.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
