You are not logged in
Free Special Reports

Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!

Featured Special Report

Claim Your Free Copy of Top 10 Best Practices in HR Management

HR professionals have the opportunity to play a more strategic role in the business by keeping up to date with the latest HR innovations--technological, legal, and otherwise. This special report will discuss how HR managers can anticipate and address some of the most challenging HR issues this year.

Topics in this special report include:

  • Healthcare in 2012
  • FMLA Paid Leave Initiatives
  • Ethics
  • Social Media
  • Environmental Responsibility
  • Workplace Wellness
  • Classifying Employees
  • Retirement of Baby Boomers
  • Identity Theft
  • Communications

Make sure you have the information you need to know about these current HR challenges and how to most effectively manage them in your workplace.

Download Now!

Bookmark and Share
January 28, 2004
Benefits Take Bigger Bite

For a Limited Time receive a FREE HR Report "Top 10 Best Practices in HR Management." This comprehensive special report will give you the information you need to know about these current HR challenges and how to most effectively manage them in your workplace.   Download Now
Employee benefit costs rose to 42.3 percent of payroll costs in 2002, up from 39 percent in 2001, according to a survey by the U.S. Chamber of Commerce.

Workers at companies participating in the survey received an average of $18,000 worth of employee benefits in addition to wages, according to the survey of nearly 400 companies. Of that amount, nearly $6,300 went for medically related benefits, with another $5,000 toward payments for time not worked and $2,600 for retirement benefits.

The survey found that the most common benefits offered by employers continue to include health and life insurance; paid holidays and vacation; and retirement benefits.

"Despite rising costs, employers continue to offer a broad array of benefits to their workers," says Bruce Josten, Chamber executive vice president. "These higher costs are being paid voluntarily by employers and demonstrate a commitment to employees and to maintaining a strong workforce."

Twitter  Facebook  Linked In
Follow Us
WEBARRAY6
Copyright � 2012 Business & Legal Reports, Inc. All rights reserved. 800-727-5257
This document was published on http://HR.BLR.com
Document URL: http://hr.blr.com/HR-news/Benefits-Leave/Employee-Benefits/Benefits-Take-Bigger-Bite/