Not a Member? Get access to HR news and resources that you can trust.
The raw emotions of a polarized electorate are taking a toll on employee relations. How can HR promote peace?
Is your employee handbook ready for the New Year? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Get the HR education you need without travel expenses or time out of the office.
Elevate Your Talent Strategy. Join us in Chicago, IL – April 24-26, 2017.
ALEXANDRIA, Va. — More than eight in 10 employers offer group long-term disability insurance to employees, and, while 83 percent of those employers feel the amount of base coverage is adequate, gaps still exist in the coverage for executives.
These are among the findings of the 2013 Employer Perspectives on Disability Benefits survey commissioned by Massachusetts Mutual Life Insurance Company (MassMutual) and released today by the Society for Human Resource Management (SHRM).
Long-term disability insurance plans supplement a portion of an employee’s income over an extended period for a disabling condition.
“These results give HR professionals a better understanding of the gaps that exist between the needs created by long-term disability and insurance benefits. This data contributes to HR professionals’ knowledge and allows them to improve their employees’ awareness of what benefits provide,” said Alex Alonso, SHRM’s vice president of research.
A SHRM Online article about the research is available at http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/Disability-Benefits-Study.aspx.
The survey of more than 4,000 human resource professionalsexplored benefits trends in companies of all sizes across a wide range of industries. More than one-half of respondents said their base long-term disability insurance benefits cover 51 percent to 60 percent of an employee’s base salary.
A majority of respondents (83 percent) said the maximum benefit amount they provide is adequate. But the survey uncovered shortfalls that may impact high-earning and executive employees:
For details, visit the research section of shrm.org. Follow SHRM Research on Twitter @SHRM_Research.
Media: For more information or to request an interview, contact Kate Kennedy of SHRM Media Relations at firstname.lastname@example.org, 703-535-6260 or 703-862-5192.
About the Society for Human Resource ManagementThe Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing about 260,000 members in more than 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China, India and the United Arab Emirates. Visit SHRM Online at www.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.
Your session has expired. Please log in again 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 3,200 companies