Benefits: Subsidized Food Out; Lactation Programs In
Jan. 13, 2005
In general, benefits packages have become more generous as companies attempt to recruit and retain employees in the current tight job market. But a survey released earlier this month by the Society for Human Resource Management (SHRM) suggests that ...
In general, benefits packages have become more generous as companies attempt to recruit and retain employees in the current tight job market. But a survey released earlier this month by the Society for Human Resource Management (SHRM) suggests that companies have found that some perks -- relocation assistance, paid personal days, wellness programs, and subsidized food or cafeteria services -- are viewed as less effective than others The SHRM survey found that the percentage of companies that offer relocation assistance declined from 68% in 1999 to 60% in this year's survey. The percentage of companies offering paid leaves declined from 55% to 41%; wellness programs, from 56% to 49%; subsidized cafeteria services, from 37% to 30%. "The cutbacks we're seeing this year may be indicative that employers found [those benefits] too costly or not as effective as they had hoped," says SHRM president and CEO Michael Losey. Conversely, the percentage of companies offering complete cafeteria-style benefits plans are up from 23% to 29%; corporate lactation programs, up from 6% to 15%; and on-site vaccination programs, up from 57% to 65%.