Employee Benefits Survey 2014
benefits remain a critical component of the relationship between
employers and workers. In addition to serving as an important financial
safety net, benefits also act as a recruitment and retention aid.
Benefits comprise a significant percentage of total employee
compensation, as much as 60% in some organizations. This comprehensive
survey is designed to help you benchmark your benefits and ensure you're
making the most of your benefit dollars.
Additional information and order the survey now. (12/10/14)
What's Working in Workplace Financial Education
Employers in the U.S. and Canada that have implemented financial
education programs say their employees are less stressed, more prepared
for retirement and have a better understanding of their finances,
according to a new report from the International Foundation of Employee
Benefit Plans. Also, organizations that have seen success through
financial education offerings are more likely to provide a greater
variety of topics and formats, and to customize participants’ education.
Of the 397 organizations that participated in A Closer Look: What’s
Working in Workplace Financial Education, more than two-thirds stated
they offer financial education to employees. Among employers offering
financial education, only a third have a workforce that is somewhat or
very highly stressed, compared with 43% of respondents that do not offer
financial education. Read the survey findings now.
ISCEBS/Deloitte Survey: Economic Stability Creates Renewed Confidence in Retirement Savings
The economic uptick over the past year has led to renewed interest in retirement savings, according to Deloitte’s 13th Annual Defined Contribution Benchmarking Survey.
The research underlying the survey found that average account balances
have reached an all-time high of more than $95,000, up from $85,600 in
2012 and an increased number of employees are participating in defined
contribution plans, jumping 6 percentage points.
findings, as the economy continues to recover, the No. 1 reason for lack
of employee participation in defined contribution plans is no longer
due to an “uncertain economy/job market” (14 percent in 2013 compared to
24 percent in 2012), but instead a “lack of awareness and
understanding” (30 percent in 2013 compared to 21 percent in 2012). [Press Release] [Full survey]
2014 Employer-Sponsored Health Care: ACA's Impact
The survey finds that although the majority of single employers
believe ACA has had a negative impact on their company, fewer than one
percent plan to discontinue offering health care benefits. [Read more]
Financial Wellness for Today's Workforce: 2014 Survey Results
The survey found that more than three in five employers believe their
employees face more personal financial challenges today than they did
five years ago. To respond to these challenges, employers are offering
financial education programs to their workforce to increase their
ability to manage their income and plan for retirement. [Read more]
5 Total Rewards Priorities Survey: Talent Is the Top Global Challenge
Conducted in 22 countries, the
Deloitte/ISCEBS/International Foundation survey finds employers face similar
challenges, despite varied geographical, cultural and political climates.
Despite an improving economy,
employers around the world indicate talent recruitment, motivation and
retention as their top challenge, with high unemployment doing little to ease
the talent shortage for technical and skilled jobs. Although other items of
concern vary across (and within) geographical regions, this commonality points
to an increasingly global business landscape and the need for effective talent
Here are the respondents’ top five priorities for 2014:
1. Aligning total rewards with business strategy by attracting, motivating, and
2. Reducing the costs of providing healthcare and other non-cash benefits to
3. Motivating staff when pay increases are flat or non-existen
4. Demonstrating appropriate return on investment for reward expenditure
5. Creating a rewards program that reflects the culture and goals of the
Other findings indicate employers
should continue to modify and adjust their total rewards programs in today’s dynamic economic environment. Forty-three percent of those surveyed
identified an increase in health and well-being initiatives as an action that their organization has
undertaken within their overall total rewards strategy.
Now in its 20th year and the second
one with international participants, the survey’s 222 responses from HR
professionals in 22 countries across the Americas, Europe and Asia-Pacific
represent a diverse cross-section of employers by industry, size and geography.
Press release | Full survey findings