Things you might want to know
Does your employee benefits package measure up to others in your field?
A survey on employer benefits to Alabama workers reveals which occupational industries provide the most benefits, and what percentage of Alabama employers offer benefits to both full and part-time employees.
“Employers will find insight into what similar businesses provide as benefits to their employees, and may be used as a recruiting and retainment tool in finding and keeping valuable employees,” says Phyllis Kennedy, director, Alabama Department of Labor.
Benefits were examined based on the classification of the business, the size of the business, and the geographical region of the state. Five areas were examined: insurance, paid leave, retirement, miscellaneous benefits, and the costs of benefits.
The publication may be viewed online on the Alabama Department of Labor Web site at: http://labor.alabama.gov/. (Click on “Labor Market Information” under the hot links and follow prompts.) Listed below are some highlights from the survey.
Overall, the study concludes that the construction industry spends the least compensation in the form of insurance and retirement plans. Trade, transportation, and utilities, and professional and business services spend the most on insurance and retirement plans for their employees.
For further information on the survey, contact Tammy Jenkins, Labor Market Analyst, at (334) 242-8861, or firstname.lastname@example.org.