The Society for Human Resource Management and Colonial Life conducted its annual survey in February 2011 to “gather information on the types of benefits employers offer to their employees.”

Some of the findings, as outlined in the report’s Executive Summary:

• Companies spent “on average” 19 percent of a worker’s annual salary on mandatory benefits, 19 percent on voluntary benefits and 11 percent on pay for time not worked.
• HSAs (health savings accounts) became more prevalent, while HMO plans declined slightly in attractiveness.
•  Employers continued to move away from company-sponsored retirement plans (pensions), moving to defined contribution plans and 401(k) savings plans, although there was a “slight decline in the percentage of companies that offered employer-matching contributions.”
• Not surprisingly, employers reported that benefits have “experienced considerable declines throughout the last five years.” Those benefits hardest hit were incentive bonus plans for executives/managers as well as educational assistance programs.
• Other perks that saw declines were adoption and foster care assistance and elder care referral services, yet “family friendly” benefits remained “relatively stable throughout recent years.”
• Relocation help experienced “significant declines” in the past five years, including selling and/or down payment assistance, a cost-of-living differential, rental assistance, help in relocating a spouse, etc.

If you need reliable and hard-working temporary employees for your Inland Empire-area company, give a recruiter at Arrow Staffing Services a call. We’ve been helping Riverside, Redlands, Ontario, and San Bernardino companies with their staffing needs for more than 40 years. We look forward to hearing from you!