With prevention becoming the buzzword, insurance organizations have taken steps to increase their employees’ health and wellness through various programs. The newly released 2011 Compensation Data Insurance survey results show that programs offered to increase employees’ health have increased in many areas. The two programs that show the most change are biometric screening and access to physical fitness facilities. In 2010, 24.7 percent of organizations offered biometric screening compared to 43.2 percent in 2011, while 38.1 percent of organizations offered physical fitness facility access in 2010 compared to 42.7 percent in 2011.
More organizations are also offering rewards and incentives for participating and succeeding in their health and wellness programs. Fifty seven percent of all organizations reporting offer some sort of reward, up from 46 percent in 2010. Along with the increase in organizations offering rewards, the allotment of these awards has changed in the last year. The number of organizations reporting giving away gas/phone cards, gift cards and prescription discount cards has decreased. However, the number of organizations reporting using health and fitness products as a reward has increased greatly from 31.9 percent in 2010 to 46.9 percent in 2011. The amount of organizations reporting utilizing medical premium contributions as a reward also increased from 15.3 percent in 2010 to 23 percent in 2011.
The three biggest forms of alternative treatments offered were chiropractic, nutritional counseling and acupuncture. Chiropractic treatments were offered by 92 percent of organizations. Nutritional counseling was offered by 43.3 percent, and acupuncture treatments were offered by 28.7 percent of reporting organizations. Osteopathy, offered by just 6.5 percent of organizations in 2010 was offered by 12 percent of organizations in 2011.
About the Survey
Compensation Data 2011 Insurance surveyed 115 industry specific job titles and 350 benchmark job titles ranging from entry-level to top executives. Data was collected from 210 insurance employers reporting on nearly 1,750 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of January 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Michelle Willis at (800) 300-9570.