The Society of Human Resource Management (SHRM) released their 20th Annual Survey of Employee Benefits. Human Resources professionals were randomly selected from SHRM’s membership database, which included approximately 275,000 individual members at the time the survey was conducted. Forty-six percent of the respondents were with organizations that had fewer than 100 employees.
The survey instrument listed more than 300 benefits and asked HR professionals to indicate whether their organizations currently offered or planned to offer these benefits in the next year. The report is composed of the following 12 benefits sections:
- Business travel benefits.
- Employee programs and services.
- Family-friendly benefits.
- Financial and compensation benefits.
- Flexible working benefits.
- Health-related benefits.
- Housing and relocation benefits.
- Leave benefits.
- Professional and career development benefits.
- Retirement savings and planning benefits.
- Wellness benefits.
- Other benefits.
- From 2015 to 2016, 67% of respondents report that their benefits offerings have remained the same or decreased—similar to changes from 2014 to 2015.
- Compared with five years ago, more organizations are offering monetary bonus benefits such as employee referral bonuses, spot/bonus awards, sign-on bonuses for executives and nonexecutives, as well as retention bonuses for nonexecutives.
- 60% of organizations offer telecommuting benefits.
- 72% offer wellness benefits.