The latest news, trends and information to help you with your recruiting efforts.

Posted September 20, 2012 by

Wellness Programs Reduce Medical Costs, Increase Productivity, and Reduce Absenteeism

Amy Kaminski of Compdata SurveysIn 2012, roughly two-thirds of manufacturing and distribution industry employers experienced increases to their medical insurance premiums, according to the 2012 Compensation Data Manufacturing & Distribution survey results. The average increase reported by these organizations was 10.2 percent, down from 11 percent reported in 2011. Despite the drop in the average premium increase, manufacturing and distribution organizations still contribute 10.5 percent of their total payroll costs toward providing medical insurance to their employees. Employers everywhere are looking for ways to curtail rising healthcare costs and as a result, many are turning to wellness programs.

For years, wellness programs have consisted of traditional options such as weight management, tobacco cessation programs or offering flu shots and immunizations. But over the last few years, some wellness options have shown a more accelerated rate of use. Biometric screenings, which measure an individual’s blood pressure, body mass index (BMI), cholesterol and blood glucose in an effort to identify risk factors, are a good example of this trend. In 2009, biometric screenings were offered at only 17.4 percent of manufacturing and distribution organizations surveyed, compared to 44.2 percent in 2012. Physical fitness facility access, on-site health clinics and offering rewards and incentives have also increased over the last few years. (more…)

Posted September 13, 2012 by

96% of Employers Hiring; 81% Advertising on Sites Like

Amy Kaminski of Compdata SurveysAs the national unemployment rate continues to teeter at just over eight percent, turnover rates are beginning to inch up. The average total turnover rate reported for employers from 2011 was 15.2 percent, according to Compdata Surveys BenchmarkPro 2012 survey results. That’s up slightly from 14.4 percent reported a year ago. Voluntary turnover rates were reported at 9.8 percent, up from 9.1 percent reported last year.

“Voluntary turnover rates were trending downward for several years, but the numbers are beginning to edge up again,” said Amy Kaminski, director of marketing for Compdata Surveys. “This is likely because employees are beginning to feel more comfortable about re-entering the job market as the economy shows small signs of improvement.” (more…)

Posted February 14, 2012 by

40% of Employers Don’t Have Severance Policies

The Bureau of Labor Statistics recently reported the national unemployment rate dropped to 8.3 percent in January 2012, the lowest it’s been in three years. Although the rate of unemployment continues to slowly trend downward, it remains important for employers to have a defined set of post-employment practices in place. The Compdata Surveys BenchmarkPro 2011 survey results found 60.5 percent of companies currently have a severance policy.

This rate varies by industry as 71.2 percent of insurance companies report having a severance policy in place, compared to 62.4 percent in healthcare. Services employers have severance policies at a rate of 58.5 percent. Organizations in not-for-profit report having them the least, 45.6 percent. (more…)