Employer-sponsored medical care plans and retirement plans account for around 12.5 percent of the total cost of employee compensation, according to the Bureau of Labor Statistics (BLS). In a recent publication, BLS Program Perspectives, the department focused on civilian employees' access to these benefits.
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According to the BLS, 64 percent of employees have access to both employer-sponsored medical care and retirement plans, 15 percent have access to only one, and 20 percent have access to neither.
The BLS analyzed previously released data and reported the highlights, including:
* State and local government employees (86%) were more likely than private industry workers (60%) to have access to both benefits.
* 86 % of employees in large organizations, those who employ 500 or more employees, had access to both benefits, while only 40% or employees in smaller organizations, those who employ fewer than 50 employees, had access to both benefits.
* Employees whose jobs were covered by a collective bargaining agreement (89%) were more likely to have access to both benefits than those holding a nonunion job (59%).
The full report, BLS Program Perspectives on Combined Benefit Plans, is available online.
SOURCE:http://hr.blr.com/newsAlternate.aspx?category=1&topic=18&id=82852
For a Limited Time receive a FREE HR Report on the "Top 10 Best Practices in HR Management, 2010”. This comprehensive 50 page report covers Healthcare, Recordkeeping, Hiring, Retention, and other compliance issues. Download Now
According to the BLS, 64 percent of employees have access to both employer-sponsored medical care and retirement plans, 15 percent have access to only one, and 20 percent have access to neither.
The BLS analyzed previously released data and reported the highlights, including:
* State and local government employees (86%) were more likely than private industry workers (60%) to have access to both benefits.
* 86 % of employees in large organizations, those who employ 500 or more employees, had access to both benefits, while only 40% or employees in smaller organizations, those who employ fewer than 50 employees, had access to both benefits.
* Employees whose jobs were covered by a collective bargaining agreement (89%) were more likely to have access to both benefits than those holding a nonunion job (59%).
The full report, BLS Program Perspectives on Combined Benefit Plans, is available online.
SOURCE:http://hr.blr.com/newsAlternate.aspx?category=1&topic=18&id=82852
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