or  

Insurance Costs Continue Trending Upward for Utilities Organizations

September 25, 2012  from: News

The 2012 Compensation Data Utilities survey results reported the average annual cost of insurance per employee on a utilities employer sponsored PPO plan is $8,602. That’s up from $8,131 reported in 2010, an increase of 5.8 percent in two years.

Utilities Employers Turn to Wellness Programs to Suppress Rising Costs

August 8, 2012  from: News

In 2012, roughly two-thirds of utilities industry employers experienced increases to their medical insurance premiums, according to the 2012 Compensation Data Utilities survey results. The average increase reported by these organizations was 11.6 percent, down from 12.5 percent reported in 2011. Despite the drop in the average premium increase, utilities organizations still contribute 10.4 percent of their total payroll costs toward providing medical insurance to their employees.

Utilities Employers Seek Ways to Create a Flexible Work Environment

July 25, 2012  from: News

Utilities employers across the country are looking for ways to attract and retain employees without resorting to hefty pay increases or expensive benefit plans. As a result, some employers have found that adopting a results-only work environment (ROWE) may be the key to creating an attractive work environment for employees.

Utilities Pay Increase Budgets See Little Change in 2012

July 18, 2012  from: dataLink

As the economy begins to regain its footing, pay increase budgets increased only slightly for utilities. The newly released 2012 Compensation Data Utilities survey results indicate pay increase budgets rose to 2.8 percent, just above the expected 2.7 percent for 2012. An increase to 2.9 percent is expected in 2013.

Wellness Programs on the Rise for Utilities Employers

July 18, 2012  from: dataLink

According to the newly released 2012 Compensation Data Utilities survey results, utilities employers are providing considerably more 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.

Medical Insurance Costs Remain High for Utilities Employers

July 18, 2012  from: dataLink

The newly released 2012 Compensation Data Utilities survey results show medical insurance premiums have increased by an average of 11.6 percent over the last year. This is down from 2011, where the average premium increase reported was 12.5 percent.

Utilities Survey Results Released

July 18, 2012  from: dataLink

Compdata Surveys is excited to announce the release of the 2012 Compensation Data Utilities survey results. The national results feature data from more than 1,200 utilities reporting on more than 195,000 employees across the country.

Utilities Employers Scramble to Find Relief on Prescription Costs

July 17, 2012  from: News

Because the rate at which individuals developing chronic health conditions continues to increase, the expected decline in drug costs comes as little comfort to utilities employers who are largely footing the bill, as an overwhelming majority still offer prescription coverage to employees as a part of their medical plan. These increasing costs translate to higher premiums for employers and employees, as well as increasing co-pays.

Utilities Industry Pay Increase Budgets Remain Stagnate

June 19, 2012  from: News

The 2012 Compensation Data Utilities survey results show pay increase budgets have remained relatively stable at 2.8 percent, compared to 2.7 percent reported in 2011 and 2.8 percent in 2010. Pay increase budgets are projected to slightly increase to 2.9 percent in 2013.

Retirement Plans Become More Prevalent for Utilities Employees

April 10, 2012  from: dataLink

The 2011 Compensation Data Utilities survey results indicate that more than 82.4 percent of employees are enrolled in a defined contribution plan, compared to 2010 where that number was 80.5. More than 5 percent of utilities employers surveyed reported offering a defined benefit plan only, 25.7 percent offer a defined contribution plan only and more than 68 percent offer both.

Top