or  

Turnover Rates Inching Higher

December 12, 2012

As the national unemployment rate remained above eight percent for the majority of this year, turnover rates are beginning to inch up. The average total turnover rate reported for employers from 2011 was 15.2 percent, according to the 2012 BenchmarkPro survey results. That’s up slightly from 14.4 percent reported a year ago. Voluntary turnover rates were reported at 9.8 percent, up from 9.1 percent last year.

Employers Use Voluntary Benefits to Enhance Plans

December 12, 2012

With slow economic growth and minimal pay increase budgets to work with, it’s no wonder companies continue to count every dollar when it comes to benefits planning. Human resources professionals, who are also dealing with the demands of employees to offer more comprehensive coverage, have found that offering voluntary benefits may be the key to boosting the value of their company’s benefits plan.

Employers Still Offer Executive Perks Despite Scrutiny

December 12, 2012

Scrutiny of executive pay has seen a steady rise over the past few years, due in part to stringent SEC disclosure regulations and the Frank-Dodd Act say on pay requirements. Executive perquisites play no small part in these examinations as many companies offer them as a way to entice and retain the strongest leaders. The Executive Compensation 2012/2013 survey results found supplemental life insurance continues to be the perquisite most commonly offered to CEOs at 43.3 percent.

2013 Survey Update

December 12, 2012

In just a few weeks, the 2013 Compensation Data survey questionnaire will be released. If your organization has not yet signed up to participate, there’s still time! To take advantage of our significantly discounted participant rates, contact us at customerservice@compdatasurveys.com or (800) 300-9570 and ensure your organization is included in the comprehensive results.

Wellness Programs on the Rise for Hospitality Employers

September 25, 2012

According to the newly released 2012 Compensation Data Hospitality survey results, employers are providing many options to their employees concerning health and wellness programs. With prevention becoming the buzzword, organizations are taking steps to increase their employees’ health and wellness through various programs.

Hospitality Pay Increase Budgets See Small Increases

September 25, 2012

As the economy struggles to regain its footing, pay increase budgets increased for hospitality organizations this year. The 2012 Compensation Data Hospitality survey results reported pay increase budgets at 2.7 percent, reflecting an increase from 2.4 percent reported in 2011 and 1.9 percent reported in 2010. Pay increase budgets are projected to increase slightly in 2013, up to 2.9 percent.

Medical Insurance Costs Remain High for Hospitality Employers

September 25, 2012

The newly released 2012 Compensation Data Hospitality survey results show medical insurance premiums have increased by an average of 8.4 percent over the last year. This is a smaller increase compared to 2011 where the average premium increase reported was 9.3 percent. This year, PPO plans had one of the largest increases at 9.1 percent.

Wellness Programs on the Rise for Not-For-Profit Employers

September 20, 2012

According to the newly released 2012 Compensation Data Not-For-Profit survey results, employers are providing many options to their employees concerning health and wellness programs. With prevention becoming the buzzword, organizations have taken steps to increase their employees’ health and wellness through various programs.

Not-For-Profit Pay Increase Budgets See Small Increases

September 20, 2012

As the economy struggles to regain its footing, pay increase budgets increased slightly for not-for-profit organizations this year. The 2012 Compensation Data Not-For-Profit survey results reported pay increase budgets at 2.6 percent, reflecting an increase from 1.8 percent reported in 2011 and 1.7 percent reported in 2010. Pay increase budgets are projected to remain stable at 2.6 percent in 2013.

Medical Insurance Costs Remain High for Not-For-Profit Employers

September 20, 2012

The 2012 Compensation Data Not-For-Profit survey results show medical insurance premiums have increased by an average of 8.6 percent over the last year. This is down from 2011, where the average premium increase reported was 9.9 percent.

Top