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Medical Insurance Costs Still Rising for Healthcare Employers

June 4, 2012  from: dataLink

The newly released 2012 Compensation Data Healthcare survey results show medical insurance premiums have increased by an average of 8 percent over the last year. This is down from 2011, where the average premium increase reported was 9.5 percent.

Healthcare Survey Results Released

June 4, 2012  from: dataLink

Compdata Surveys is excited to announce the release of the 2012 Compensation Data survey results. The national results feature data from 8,172 healthcare providers reporting on 5.1 million incumbents. Companies in other industries provided data on 450 benchmark titles for more than 27,000 locations across the country.

Healthcare Employers Scramble to Find Relief on Prescription Costs

June 4, 2012  from: News

The rate at which individuals developing chronic health conditions continues to increase, and the expected decline in drug costs comes as little comfort to healthcare employers who are largely footing the bill, as an overwhelming majority still offer prescription coverage to employees as a part of their medical plan.

Healthcare industry pay increase budgets up 2.5 percent for 2012

May 23, 2012  from: In the News

A broad survey of organizations within the healthcare industry show that pay increase budgets – the money allocated primarily for pay raises of existing employees – rose a modest 2.5 for 2012, according to Compensation Data Healthcare from Compdata Surveys.

Healthcare Industry Pay Increase Budgets Remain Stagnate

May 22, 2012  from: News

The 2012 Compensation Data Healthcare survey results show pay increase budgets have remained relatively stable at 2.5 percent, compared to 2.4 percent reported in 2011 and 2.5 percent in 2010. Pay increase budgets are projected to remain the same in 2013 as well.

Retirement Plans Become More Prevalent for Healthcare Employees

February 7, 2012  from: dataLink

The recent volatility in the stock markets has once again shifted employees’ focus to retirement savings plans. While saving for the future is important, employees are questioning which options are the most beneficial. The 2011 Compensation Data Healthcare survey results indicate that nearly 63 percent of employees are enrolled in a defined contribution plan, up from 61 percent in 2010.

Healthcare Organizations Seek Healthcare Cost Containment

February 7, 2012  from: dataLink

With the costs of medical insurance increasing regularly, healthcare organizations are looking to other means in order to control costs. According to the 2011 Compensation Data Healthcare survey results, the most common of those options is coordination of benefits at almost 82.1 percent. That number is slightly up from 81.4 percent in 2009. However, the largest increase is the number of reporting employers that increased the employee co-insurance level at nearly 12.5 percent in 2011, compared to 16.4 in 2010.

Healthcare Organizations Recruiting Practices Changing

February 7, 2012  from: dataLink

Technology and the economy have changed the recruiting landscape for the healthcare industry. Based on the 2011 Compensation Data Healthcare survey results, fewer organizations are using cash options as a recruitment tactic in the midst of a struggling economy. From 2009 to 2011, healthcare employers offering a bonus based on length of employment decreased from 29.3 percent to 23 percent.

Time-Off Programs Benefit Healthcare Employers

August 9, 2011  from: dataLink

During the recession, having a well-developed time-off program is essential for companies looking for a way to compensate employees, without stretching already thin budgets. Now, as companies push toward recovery, time-off programs are one of the cornerstones of highly competitive compensation programs attracting the best talent. The 2011 Compensation Data Healthcare survey results found 73.8 percent of healthcare organizations offer a formal paid time-off (PTO) program to employees.

Time-Off Programs Benefit Healthcare Employers

June 14, 2011  from: News

The 2011 Compensation Data Healthcare survey results found 73.8 percent of healthcare organizations offer a formal paid time-off (PTO) program to employees. A full-time employee with one full year of service receives an average of 21.3 days of PTO, while those with five years of service earn 24.8 days.

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