Total costs of benefits to employers have increased 368 percent over 14 years--health benefit costs alone increased by 28 percent. (Image: Shutterstock)
A new analysis on the cost of employee benefits to employers provides some interesting insights on the differences that size, geographic location, and industry can bring to the value of benefits that workers receive.
The report, by Bay Alarm Medical, looks at a range of employee benefits alongside compensation costs. Using data from National Compensation Survey's Employer Costs for Employee Compensation (ECEC) report, which gathers information from roughly 27,200 occupations and 6,600 private industries, the analysis provides insight into how companies are investing in benefits for their employees.
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