Benefits April 11, 2002

Companies Step up Benefits

April 11, 2002 (PLANSPONSOR.com) - Even though it is getting more expensive to do so, virtually all employers participating in a recent survey say they offer employee health-care benefits.
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Some 99% of the respondents to the survey by the Society for Human Resource Management (SHRM) said they provided health coverage through a Preferred Provider Organization (PPO), Health Maintenance Organization (HMO), Exclusive Provider Organization (EPO), Indemnity, or Defined Contribution plan.

Employers said they’ve increased the following benefits:

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  • 95% listed prescription drugs
  • 73% listed vision coverage
  • 58% cited a wellness program
  • 48% mentioned a well-baby program
  • 28% listed a gym subsidy
  • 21% cited cancer insurance

In other types of employee benefits, 33% of respondents offer paid or unpaid time off to volunteer. Some 35% give employees more leave than required for military service.

The SHRM survey of 551 HR professionals tracked 187 benefits offered by employers.

 


 

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