TMCnet News
SHRM 2019 Employee Benefits Survey: Student Loan Repayment, Paternity Leave, Standing Desks and Telemedicine All Ticking UpwardWhile the United States' stable job market and regulatory environment have kept employee benefits offerings steady, some benefits such as student loan repayment, paternity leave, telecommuting, standing desks and telemedicine are gaining notable upward traction, according to SHRM's latest Employee Benefits Survey, which was released today. Companies are also conducting extensive research on their specific employee demographic to find a unique benefits package that resonates with the majority of their employees' needs and stage of life. "Finding the right combination of benefits that appeals to a multigenerational workforce can be a challenge," said Alex Alonso, SHRM-SCP, chief knowledge officer for SHRM. "But if you know a good portion of your workforce are Baby Boomers with aging parents, you might choose to beef up your caregiving benefits and flexible scheduling policies. On the other hand, if you have a young demographic, offering benefits like student loan repayment could be the way to go. "Health care costs are eating up a good portion of employer benefits budgets, so employers aren't choosing to make many new changes," he explained. "It's really about incorporating the higher health care costs and doing what you can with the rest of your benefits budget to meet employees' needs." SHRM 2019 Employee Benefits Report Highlights: Family-Friendly and Wellness Benefits:
Leave and Flexible Working Benefits:
Investment and Retirement Benefits:
Programs and Services Benefits:
Methodology: SHRM's annual survey of U.S. employers examines more than 250 benefits that organizations may offer their employees. The survey of 2,763 randomly selected HR professionals was conducted in April of this year. It has a margin of error of plus or minus 1.85 percentage points at a 95 percent level of confidence. The full survey is available online at shrm.org/benefits19. Press Briefing: The SHRM 2019 Employee Benefits report is being released during SHRM's Annual Conference & Exposition in Las Vegas. Reporters interested in a press briefing may contact a member of SHRM's media relations staff for dial-in directions. Media: To request an interview, contact Vanessa Hill of SHRM Media Relations at [email protected] and 703-535-6072 or Kate Kennedy at [email protected] and 703-535-6260. About the Society for Human Resource Management SHRM, the Society for Human Resource Management, creates better workplaces where employers and employees thrive together. As the voice of all things work, workers and the workplace, SHRM is the foremost expert, convener and thought leader on issues impacting today's evolving workplaces. With 300,000+ HR and business executive members in 165 countries, SHRM impacts the lives of more than 115 million workers and families globally. Learn more at SHRM.org and on Twitter (News - Alert) @SHRM. View source version on businesswire.com: https://www.businesswire.com/news/home/20190625005758/en/ |