Brooks C. Holtom, Ph.D., has written an interesting article at About.com–“Are You Getting the Best Benefit From Your Benefits?” Here’s an excerpt from the article:
Is your benefits package giving you the payback you deserve in increased employee appreciation and satisfaction? Chances are, it’s not. On average, organizations spend 41 cents for benefits for every dollar of payroll. That’s 29 percent of the total employee compensation package. Research reported in the journal, Personnel Psychology, suggests that employees only understand and appreciate between 31 and 68 percent of the cost or market value of the benefits they receive.
What is most interesting is the Benefits Roundup which contains a list of benefits supposedly being offered by different organizations around the country. The “Bring a pet to work” day and bereavement period for loss of pets are ones I confess I had not heard of before.