Get access to the exclusive HR Resources you need to succeed in 2018.
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 14 cities across the U.S. this fall.
Gain the skills you need to rise to the next level in your career. Jon us at SHRM's Leadership Development Forum, October 2-3 in Boston.
New survey shows patterns in health care spending affecting other employer-offered benefits
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
LAS VEGAS — With health care costs rising, employers are turning toward wellness programs to counter some of the financial strain, according to the 2015 SHRM Employee Benefits Survey report released today by the Society for Human Resource Management (SHRM).
In another recent study, SHRM found that 77 percent of organizations saw increases in their costs and, of those organizations, nearly one-quarter (24 percent) had an increase of 16 percent or more in their overall health care coverage costs.
“Wellness benefits provide employers with a preventative approach that can reduce health care expenses for organizations over the long haul,” explained Evren Esen, director of SHRM’s survey programs. “Rising health care costs also remain a primary driver for how other benefit costs are allocated, as employers are still evaluating the impact of the Affordable Care Act.”
Press briefing: Evren Esen will be available for questions about the survey via conference call at 3:45 p.m. EST/12:45 p.m. PST today, Monday, June 29. For dial-in directions, contact SHRM Media Relations at Vanessa.Gray@shrm.org or Kate.Kennedy@shrm.org.
The top wellness benefits offered to manage chronic diseases and other health-related issues include wellness resources and information (80 percent of respondents) and wellness programs (70 percent). Additionally, wellness benefits such as health and lifestyle coaching, smoking cessation programs, and premium discounts for getting an annual risk assessment have risen in the past five years.
Five-year trends also show a slow shift of health care costs to employees. For example, consumer-directed health plans such as health savings accounts (HSAs) have risen by 8 percentage points, and employer contributions to HSAs have also increased by 10 percentage points.
The report also shows five-year trend increases in the percentage of organizations offering mental health coverage, contraception coverage, vision insurance, short-term disability insurance, critical illness insurance and coverage for laser-based vision surgery.
The survey of 463 randomly selected HR professionals examines more than 300 benefits.
Among other findings:
New benefits added to this year’s report include egg freezing for nonmedical reasons (2 percent), paid surrogacy leave (5 percent), company-provided fitness bands/activity trackers (13 percent), company-organized fitness competitions (34 percent), and company-provided student loan repayment (3 percent).
The full survey is available online at www.shrm.org/research/surveyfindings/articles/pages/2015-Employee-Benefits.aspx.
What’s in and what’s out? For an infographic summarizing benefits that have increased and decreased over the last five years, please visit http://magic.piktochart.com/output/6325257-benefits-survey.
For more surveys/poll findings, visit shrm.org/surveys. Follow SHRM Research on Twitter @SHRM_Research.
Media: To request an interview or to receive dial-in information for the press briefing, contact Vanessa Gray of SHRM Media Relations at Vanessa.Gray@shrm.org or 703-535-6072 or Kate Kennedy at Kate.Kennedy@shrm.org or 703-535-6260.
About the Society for Human Resource Management
Founded in 1948, the Society for Human Resource Management (SHRM) is the world’s largest HR membership organization devoted to human resource management. Representing more than 275,000 members in over 160 countries, the Society is the leading provider of resources to serve the needs of HR professionals and advance the professional practice of human resource management. SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China, India and United Arab Emirates. Visit us at shrm.org and follow us on Twitter @SHRMPress.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Join SHRM's exclusive peer-to-peer social network
SHRM’s HR Vendor Directory contains over 10,000 companies