New Benefits Research Report: Benchmarking Data From Hay Group

Springfield, PA. (PRWEB) October 7, 2005

Business 21 Publishing, a leading publisher of business information and conference provider, announces the September 30 publication of "The 2005 Benefits Benchmark Report," containing new proprietary data from Hay Group.

The report is based on surveys of 1,000+ companies compiled by Hay Group. Its purpose is to help companies make fact-based decisions and avoid costly errors. In an environment where benefits costs have skyrocketed, many companies today have no choice but to make dramatic changes in the benefits programs they offer their employees. But how far can they cut back? Which programs matter most to employees? At what point does an overall benefits package become uncompetitive and have a detrimental impact on recruiting and retention?

The Hay Group data in this report gives HR executives, CFOs, controllers and other company officers the most up-to-date benchmarks. With current data showing what similar companies are doing -- where appropriate, the data is broken down by company size, geographic region and industry sector -- companies can find the right balance between competitive benefits offerings and profitability.

This succinct 12-page report includes the following benchmarks:

• Employee contribution for medical coverage for Industrial, Financial and Service companies
• Prevalence of medical plan designs (FFS, HMO, PPO, POS)
• In-network and out-of-network plan provisions for hospitalization, coinsurance, well-baby care, routine office visits. Deductibles included.
• Prevalence of retiree medical coverage
• Executive benefits and perquisites by company size, including executive group life insurance, executive long-term disability, physical exams, voluntary non qualified deferred comp, and more.
• Qualified retirement plan combinations (i.e., percentage of companies that have No Plan, Defined Benefit Pension Plus Capital Accumulation Plans, Capital Accumulation Plans Only, and Defined benefit Pension Plan Only).
• Prevalence of lifestyle benefits, including adoption expenses, casual dress days, child care, dependent car days, flexible hours, long-term care and more.
• Prevalence of flexible benefits programs, flexible spending accounts and full cafeteria plans
• Benefits trends by region, industry and size, including sick leave banks, on-site cafeteria, vision plan, domestic partner coverage, special inducement for early retirement and more.

The report also provides a detailed explanation of the characteristics of the organizations that participated in the survey.

The cost of the 2005 Benefits Benchmark Report" is only $239. That's far less than what companies normally pay for proprietary benchmarking data.

Click on the following link to purchase "The 2005 Benefits Benchmark Report." http://www.b21pubs.com/forms1/products/haybenefits1.htm.

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