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Posted November 28, 2012 by

Most Employers Offering Voluntary Benefits and Employee Perks

Amy Kaminski of Compdata Surveys

Amy Kaminski of Compdata Surveys

With slow economic growth and minimal pay increase budgets to work with, it’s no wonder companies continue to count every dollar when it comes to benefits planning. Human resources professionals, who are also dealing with the demands of employees to offer more comprehensive coverage, have found that offering voluntary benefits may be the key to boosting the value of their company’s benefits plan.

Voluntary benefits are benefits offered by employers, in which the entire premium cost to receive the benefit is paid for by the employees choosing to enroll in them. The Compdata SurveysBenefits USA 2012/2013 survey results found 49.6 percent of organizations offer accident insurance to employees as a voluntary benefit. More than a third of employers offer cancer care as a voluntary benefit, while 28.4 percent offer legal assistance. Universal life insurance is offered at 25.2 percent of companies surveyed. Parking perks and pet insurance are offered at a rate of 11.3 percent and 9.4 percent, respectively. (more…)