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Salaries for Administrative Professionals on the Rise
The Compdata Surveys 2012 BenchmarkPro survey results found executive assistants earn an average base salary of $54,500, up 5.6 percent from 2011.
For Many Employers, Employee Wellness is No Longer Merely an Option
The Compdata Surveys Benefits USA 2012/2013 survey results found 34 percent of employers offering wellness programs either provide insurance discounts for employees participating in wellness programs or impose penalties on employees with risk factors, who aren’t taking action. That’s up from just 25.4 percent in 2009.
Companies Offering Executive Perks Despite Stricter Regulations and Heavy Debate
The Compdata Surveys Executive Compensation 2012/2013 survey results found supplemental life insurance continues to be the perquisite most commonly offered to CEOs at 43.3 percent.
Insurance Costs Continue Trending Upward for Hospitality Organizations
The 2012 Compensation Data Hospitality survey results reported the average annual cost of insurance per employee on a hospitality employer sponsored PPO plan is $6,380. That’s up from $4,902 reported in 2009, an increase of 30.2 percent in three years.
Voluntary Benefits and Perks Add Value to Traditional Employer Benefit Plans
Human resources professionals have found that offering voluntary benefits may be the key to boosting the value of their company’s benefits plan. The Compdata Surveys Benefits USA 2012/2013 survey results found 49.6 percent of organizations offer accident insurance to employees as a voluntary benefit.
Insurance Costs Continue Trending Upward for Banking and Finance Organizations
The 2012 Compensation Data Banking & Finance survey results reported the average annual cost of insurance per employee on a banking and finance employer sponsored PPO plan is $7,887. That’s up from $6,231 reported in 2009, an increase of 26.6 percent in three years.
Pay Range Adjustments Slowly Continue to Climb
The average pay range adjustment reported in 2012 was 1.9 percent, up from 1.7 percent reported in 2011 and 1.6 percent reported in 2010. Pay range adjustments are projected to remain stable in 2013 at 1.9 percent.
Insurance Costs Continue Trending Upward for Not-For-Profit Organizations
The 2012 Compensation Data Not-For-Profit survey results reported the average annual cost of insurance per employee on a not-for-profit employer sponsored PPO plan is $8,859. That’s up from $7,543 reported in 2009, an increase of 17.4 percent in three years.
Hospitality Employers Turn to Wellness Programs to Suppress Rising Costs
In 2012, more than half of hospitality employers experienced increases to their medical insurance premiums, according to the 2012 Compensation Data Hospitality survey results. The average increase reported by these organizations was 8.4 percent, down from 9.3 percent reported in 2011 and 9.9 percent reported in 2010.
Flexible Spending Accounts Face a Big Change in 2013
The Benefits USA 2012/2013 survey results found 89.7 percent of companies offer a flexible spending account to their employees, with 23.6 percent of employees at these organizations enrolling in them.
