Firms Boosting "Balance" Benefits
August 15, 2006 (PLANSPONSOR.com) - A new nationwide
survey of hiring managers, recruiters and HR professionals
claims that companies are expanding and enhancing their
benefits offerings.
Reported by Nevin E. Adams
Indeed, the survey by JobKite.com, a so-called “next-generation” job site, claims that more than half of companies surveyed report they have increased their employee benefits within the last six months – and that companies now are focusing on providing benefits that support work/life balance.
The survey of some 3,500 HR/Recruiters/Hiring Managers nationwide from both private and public companies of all sizes and industries, drew just 263 responses – but 56% of those claimed to have made enhancements to the employee benefits they are offering for retention or recruiting purposes. Among those firms that had done so:
- 88% added health-related benefits, including life, vision, and better or increased health plans
- 69% have increased stock vesting, 401k funds, salary relative to market averages, sign-on bonuses, quarterly bonus plans and/or relocation packages
- 41% reported that they are increasing the number of paid days off per year
- 36% say they are adding or enhancing flextime and/or telecommuting
- 8% said that they plan to offer other miscellaneous benefits, including massages, monthly cookouts and gym memberships.