|BENEFIT TRENDS: SURVEY SAYS...|
|Source: EAF National Policies & Benefits Survey|
99% of respondents provided group health insurance to employees. Of those, 66% offer more than one plan.
|PAID TIME OFF
48% of employers provide PTO banks to employees that include sick, vacation, and personal time. For those just offering sick and vacation, the average sick days provided is 8 and the number of vacation days is 11 (after one year).
The typical number of holidays offered each year is 9 and the most frequently observed holidays are Christmas, Thanksgiving and New Year's Day.
90% of companies offer 1 401k/403b or 457 retirement benefit to employees.
|COST OF BENEFITS
The average cost of benefits is 33% of payroll
The National Policies & Benefits Survey includes the following topical areas:
- Health & Welfare Benefits
- Part-time Benefits
- Pay Practices
- Working Conditions
- Paid Time Off
- Recruitment, Training & Development
- Employee/Community Relations
- Miscellaneous Benefits
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