New to HR? Templates, tools and development to make you a seasoned pro in no time.
Shawn Premer shows how doing the right thing for employees leads to positive business results.
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 12 cities across the U.S. this spring.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
For Immediate Release
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.
2007 Benefit Survey Shows Slight Decrease in Percentage of Organizations Offering Some Financial & Compensation Benefits
(Alexandria, Va), June 24, 2007—Employee benefits remained relatively stable from 2006 to 2007, despite a slight decrease in the percentage of organizations offering some financial and compensation benefits, according to the results of the Society for Human Resources Management's (SHRM)
2007 Benefits Survey.
The annual survey of human resource (HR) professionals gathers information on the types of benefits employers offer to their employees. Conducted since 1996, it includes the percentages of human resource professionals whose organizations offered each benefit, comparisons across organization staff size and industry and year-to-year trends.
The most commonly offered benefits were direct deposit of paychecks, paid holidays, professional development opportunities, payroll deductions, prescription drug program coverage and dental insurance. Additionally, almost all organizations offered some type of health insurance plans.
The SHRM study also noted that with a few exceptions, organizations with larger staff-sizes were more likely than smaller ones to offer any given benefit. HR professionals indicated that their organizations spent an average of 38 percent of payroll on total benefit costs: 20 percent of the costs were due to mandatory benefits and 18 percent due to voluntary benefits.
Automobile allowance/expenses, individual investment advice, traditional defined benefit pension plan, full flexible benefits plan, retirement planning services, employee discount on company services, commission and loans to employees for emergency/disaster assistance all decreased in 2007 from 2006. Cell phone, pager and/or handheld device for personal use was the only financial and compensation benefit that was offered by more organizations in 2007 compared with 2006.
Also, HR respondents indicated they planned within the next year to include pro-active wellness programs in coming benefit packages such as weight loss programs (5 percent), smoking cessation programs (6 percent), health screening programs (5 percent), and health care premium discount for getting an annual health risk assessment (6 percent).
Most benefits remained the same in 2007 from 2006, while others had minor fluctuations. Noteworthy benefit fluctuations from the study follow:
Other survey highlights are:
Overall, 41 percent of HR professionals indicated that their organizations offered some form of domestic partner benefits (opposite-sex partners, same-sex partners or both).
Thirty-eight percent of HR professionals reported that their organizations offered health care benefits for dependent grandchildren, and 29 percent offered health care benefits for foster children.
For the seventh consecutive year, dependent care flexible spending accounts was the most commonly offered family-friendly benefit. More than three out of four HR professionals (76 percent) indicated that their organizations offered dependent care flexible spending accounts to allow employees to set aside pretax dollars that can later be reimbursed for dependent care expenses.
The SHRM Benefits Survey offers a comprehensive look at what benefits are being offered by organizations. Information is provided on the following benefits: health care, family-friendly, housing, personal service, financial, travel and leave.
The surveys to HR professionals employed by companies in the U.S. were e-mailed to randomly selected SHRM members, and yielded 590 responses.
A complete copy of the survey is available at
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
SHRM Annual Conference & Exposition
SHRM’s HR Vendor Directory contains over 3,200 companies