Employee Benefits Are in a State of Flux
The status of employer-provided benefits remains a moving target these days, according to a recent survey from the Society for Human Resource Management (SHRM). The resulting "2013 Employee Benefits Research Report" presents a wealth of comprehensive data about nearly 300 categories of benefits. They range from wellness programs to weight-loss initiatives to bonuses to pensions and even to "take your kid to work" days. The general takeaway? Organizations are much more likely to increase investments in programs that clearly demonstrate business-benefiting value. This is especially true of health and wellness programs, as multiple studies have concluded that healthier employees are more reliable and productive. As for that pension? It continues to disappear, making it difficult to remember when it was once ubiquitous in U.S. corporations. On the positive side, employers continue to find ways to help employees get more out of their retirement savings offerings. More than 510 HR professionals took part in the research, which was sponsored by Colonial Life and Accident Insurance.