Results Of New SHRM Survey On Benefits

A recent survey of 534 randomly selected members of the Society for Human Resource Management (SHRM) showed that over 60% reported that the current recession has caused their organization’s employee benefit offerings to suffer.

Data was gathered on 279 different benefits. The findings were released at SHRM’s 62nd Annual Conference and Exposition in San Diego earlier this month.

The following is a sampling of products or services that are usually offered on a voluntary basis or involve employee co-sharing. The number beside the benefit represents the percentage of firms offering the benefit.

  • Dental insurance (94%)
  • Accidental death and dismemberment insurance (82%)
  • Long-term disability insurance (76%)
  • Short-term disability insurance (71%)
  • Vision insurance (77%)
  • Travel accident insurance (37%)
  • Employee computer purchase discounts (not a loan) 26%
  • Accelerated death benefits for financial assistance in the case of a terminal illness (25%)
  • Accident insurance (24%)
  • Critical illness insurance (21%)
  • Legal assistance/services (20%)
  • Payroll advances (19%)
  • Loans to employees for emergency/disaster assistance (18%)
  • Loans for employees to purchase personal computers (7%)
  • Low-/no-interest loans to employees for non-emergency situations (7%)
  • Dry cleaning services (7%)
  • Pet health insurance (4%)
  • Concierge services (2%)