Employers Group Announces 2011 National Workplace Benefits Survey
(LOS ANGELES, CA) -- Employers Group ( www.employersgroup.com ), a 114 year old human resources consultancy, has released the results of the 2011 National Workplace Benefits Survey .
Employers Group solicited feedback from companies across the country to give businesses a snapshot of the current state of workplace benefits – as well as a look to future trends in what employers look to offer their employees. Over 400 companies participated in the 2011 National Workplace Benefits Survey.
“With the recovering economy, companies are facing new challenges on the key areas of attracting, retaining, rewarding, and motivating talent. To further complicate the issue, employers face unusual circumstances today, including new healthcare legislation, retiring baby boomers, and an influx of Generation Y into the marketplace. Knowing which benefits to offer and what a company can affordably provide can mean the difference between operational success and failure, ” said Trevor Lattin, Vice President of Employers Group. “Our study can serve as a benchmark for companies as they plan their benefits packages and human capital strategies for the coming year.”
Of note, nearly 70% of companies do not plan on reducing their benefit packages for employees in the coming year, despite the challenges of a rocky economy. Further, the largest increase in benefits will come by way of health coverage, with 24% of responding companies to increase their funding. The retention of employees was highlighted as a key goal of companies in 2011.
“Through crunching all the numbers, we’ve learned that many companies find that benefits packages can be a competitive advantage when seeking and retaining employees. It’s refreshing to know that many businesses out there want to give their employees the best they can provide,” Mr. Lattin concluded.
ABOUT EMPLOYERS GROUP
About Employers Group
Employers Group, a California-based human resources expert and advocate, serves employers nationwide by delivering human resources solutions to its members. Originally founded in Los Angeles as the Merchant’s and Manufacturers Association in 1896, the organization has moved from serving the interests of just California employers to helping companies across the globe mitigate risk, cut costs, and advocate for employer rights. Employers Group provides a member helpline with day-to-day guidance about employment laws and regulations, professional development, consulting projects, and compensation and workplace trends surveys. It is the “voice” for businesses in both the judicial system the California Legislature and Congress, advocating for employers every step of the way; thus, thousands of employers have come to rely on Employers Group for "everything HR," freeing them to do what they do best to grow their businesses. For more information, visit www.EmployersGroup.com .
Nicole Vierzba, Marketing Manager
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