Dealers tell us that finding and keeping employees is one of their top concerns. Maybe reevaluating the benefits you offer could be one strategy to bring about some change.
In its latest report, the Society for Human Resource Management compared benefits offered in 1996 as well as over the past 5 years. Here are some highlights:
88% of organizations offered professional membership benefits in 2016, a 23 percentage point increase compared with 1996.
Over the past year, the percentage of organizations offering health savings accounts increased from 43% to 50%.
Compared with 5 years ago, more organizations are offering monetary bonus benefits such as employee referral bonuses, spot/bonus awards, sign-on bonuses for executives and non-executives, as well as retention bonuses for non-executives.
Telecommuting benefits have seen a threefold increase over the past two decades, from 20% in 1996 to 60% in 2016.