Government releases useful employee benefit data
April 22, 2004The following recently released Bureau of Labor Statistics publication is valuable for employers interested in seeing how their benefits stack up against those provided by others: “The National Compensation Survey:Employee Benefits in Private Industry in the United States, March 2003″
Topics covered include:
Access to benefits (Fifty-seven percent of employees in private establishments
had access to retirement benefits and 60 percent had access to
medical care benefits).
Contributions for medical care (On average, employees paid 18 percent of the medical care premium for single coverage and 30 percent of the premium for family coverage).
Available days of paid holidays and vacations (After 1 year of service, workers were eligible for 8.8 days of paid vacations, onaverage; after 25 years, this number increased to 19.1).
Life insurance and short term disability plans.
The report contains much more detailed findings and 12 different statistical tables. Read more
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