The survey, sent to a random sample of SHRM members, had 510 respondents, which was a 13% response rate.
 |
The table below indicated prevalence of various other benefits.
| Other Types of Benefits | Percent
Offering |
Planning
to Offer |
| On-site parking | 90% | 0% |
| Company-paid group life insuranceA | 83% | 0% |
| Dependent care flexible spending account | 64% | <1% |
| Service anniversary awardB | 59% | 2% |
| Undergraduate educational assistance | 54% | 2% |
| Life insurance for dependents | 54% | <1% |
| Graduate educational assistance | 50% | 1% |
| Incentive bonus plan (executive) | 45% | 1% |
| Phone subsidy for business use of personal cell/smart phone | 42% | <1% |
| Business cell/smart phone for personal use | 41% | 0% |
| Employee referral bonus | 41% | 1% |
| Spot bonus/awardC | 41% | 2% |
| Incentive bonus plan (nonexecutive) | 40% | 1% |
| Shift premiums | 35% | <1% |
| Employee discount on company services | 33% | 0% |
| Donations for participation in charitable events | 33% | 1% |
| Sign-on bonus (executive) | 28% | <1% |
| Automobile subsidy for business use of personal vehicles | 26% | <1% |
| Credit union | 26% | 0% |
| Full flexible benefits planD | 24% | 1% |
| Accident insuranceE | 24% | 0% |
| Accelerated death benefitsF | 21% | <1% |
| Company-owned car for employee use | 20% | 0% |
| Matching employee charitable contributions | 20% | 1% |
| Sign-on bonus (nonexecutive) | 20% | <1% |
| Financial advice offered onlineG | 19% | 2% |
| Employee technological device (e.g., computers, tablets) purchase discounts (not a loan) | 19% | 0% |
| Payroll advances | 18% | 0% |
| Financial advice offered one on oneG | 17% | 1% |
| Financial advice offered in group/classroomG | 14% | 2% |
| Safety bonus/incentive | 13% | 2% |
| Credit counseling serviceH | 13% | 1% |
| Educational scholarships for members of employees’ families | 13% | <1% |
| Retention bonus (executive) | 13% | <1% |
| Loans to employees for emergency/disaster assistance | 12% | 0% |
| Retention bonus (nonexecutive) | 12% | <1% |
| Employee stock purchase plan | 12% | <1% |
| Qualified transportation spending account | 10% | <1% |
| Transit subsidy | 10% | <1% |
| Restricted stock options | 10% | 1% |
| Incentive stock options (ISOs) | 9% | <1% |
| Parking subsidy | 7% | 0% |
| Nonqualified stock optionsI | 7% | <1% |
| Automobile insurance program | 6% | 0% |
| Low-/no-interest loans to employees for nonemergency situations | 6% | <1% |
| 529 PlanJ | 6% | <1% |
| Free computers for employees’ personal use | 5% | 0% |
| Loans for employees to purchase personal computers | 5% | <1% |
| Carpooling subsidy | 3% | 0% |
| Free or discounted home Internet service | 3% | 0% |
| Stock appreciation rights (SARs) | 3% | <1% |
| Subsidized cost of elder care | 2% | <1% |
| Educational loans for members of employees’ families | 2% | 0% |
| Free commuter shuttle | 2% | 0% |
| Personal tax services | 1% | <1% |
| Divorce insurance | <1% | <1% |
| Grooming subsidy/reimbursementK | < 1% | 0% |
A Does not pertain to employee-paid supplemental insurance.
B Based on the number of years of employment.
C Unscheduled bonus/award for going above and beyond in some capacity.
D Ability to select from a variety of benefits.
E Separate from travel accident insurance.
F For terminal illnesses.
G Financial advice is defined as providing employees with information on how to manage their financial resources effectively for a lifetime of financial well-being.
H Credit, debt consolidation, housing counseling, etc.
I NQSOs or NSOs.
J Tax-advantaged savings plan designed to encourage saving for future college costs.
K For example, manicures, pedicures, haircuts.
Source: 2014 Employee Benefits: A Research Report by SHRM
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Here, for more information on benefits, are some results about other types of benefits from a recent BLR survey.
You can access the entire SHRM 2014 Employee Benefits Survey here.
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I wonder if employees really regard on-site parking as a benefit.