Perks Fringe Benefits Survey. Executive Summary... A-1 Summary Data... B-1. Data and charts. Simplify Compliance Drive Success

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1 Simplify Compliance Drive Success 2014 Fringe Benefits Survey Perks Executive Summary... A-1 Summary Data... B-1 How to use this report Table of contents Index Data and charts By Size... C-1 By Industry... D-1 By Type of Employer.... E-1 By Unionized Status...F-1 By Geography...G-1 By Status of Responder.. H-1

2 2014 Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources, Inc. 141 Mill Rock Road, East Old Saybrook, CT Staff Robert Brady, Executive Editor Sharon McKnight, Managing Editor Derek Davis, Associate Editor About this survey The 2014 BLR Survey of Fringe Benefits, Perks, is part of a regular series of surveys conducted by Business & Legal Resources, Inc., Brentwood, TN and Old Saybrook, CT. It is published in conjunction with BLR s print and internet services, including HRLaws, What to do about Personnel Problems in [your state], Employee Compensation in [your state], HR.BLR.com, and Compensation.BLR.com. Invitations to participate were sent BLR customers in February of 2014 via , and over 1,400 respondents completed the on- line survey. The results were cross- tabulated by size of organization, industry, region, union/non union status, type of organization, and status of respondent. Questions about the survey can be addressed to Smcknight@blr.com. How to use this survey There are two major parts of the survey report. The first part is an executive summary and a capsule summary of the data. The second part contains the cross tabulated data. Cross tabulation is useful in that it allows users to compare practices in organizations similar to their own. For example, if you are a small employer, a manufacturer, a non- profit, etc., you can look to the appropriate section to determine how you compare to your peers..

3 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-1.2 Table of Contents Disability, short term, exempt....c-1 Insurance, Lump sum cancer or critical illness - Non Exempt....C-38 Disability, long term, exempt....c-2 Insurance, Life or juvenile life - Exempt....C-39 Life insurance - Exempt....C-3 Insurance, Life or juvenile life - Non Exempt....C-40 Employee assistance program - Exempt....C-4 Insurance, Medicare supplement - Exempt....C-41 Holidays, exempt....c-5 Insurance, Medicare supplement - Non Exempt....C-42 Vacation, exempt....c-6 Competitor comparisons....c-43 Sick days, exempt....c-7 Decisions about benefits, how made....c-44 Paid time off (PTO) - Exempt....C-8 Reviews of benefit packages, date since....c-45 Stock options or profit sharing - Exempt....C-9 Changes for C-46 Tuition reimbursement - Exempt....C-10 Tuition Reimbursement Amounts....C-47 Health and wellness program - Exempt....C-11 Part-time employees, tuition reimbursement....c-48 Flextime - Exempt....C-12 Length of service, tuition reimbursement eligibility....c-49 Compressed workweek - Exempt....C-13 tuition reimbursement, repayment....c-50 Telecommuting - Exempt....C-14 Telecommuting, formal agreement....c-51 Job sharing - Exempt....C-15 Telecommuting allowances....c-52 Retirement, gradual, exempt....c-16 Telecommuting Reimbursement....C-53 Sabbaticals (paid or unpaid) - Exempt....C-17 Telecommuting, employer satisfaction....c-54 Pet insurance - Exempt....C-18 Telecommuting, why allowed....c-55 Childcare referral options - Exempt....C-19 Dress Codes....C-56 Childcare, on-site, exempt....c-20 Dess codes, relaxed for summ....c-57 Fitness center, on-site, exempt....c-21 Dress code, dress down days....c-58 Financial planning assistance - Exempt....C-22 Dress code, dress down days, frequency....c-59 Legal assistance program - Exempt....C-23 Commuter benefits - Exempt....C-24 Meals, subsidized, Exempt....C-25 Concierge service - Exempt....C-26 Insurance, Accident - Exempt....C-27 Insurance, Accident - Non Exempt....C-28 Insurance, Dental - Exempt....C-29 Insurance, Dental - Non Exempt....C-30 Insurance, Vision - Exempt....C-31 Insurance, Vision - Non Exempt....C-32 Insurance, Cancer or other specified disease - Exempt....C-33 Insurance, Cancer or other specified disease - Non Exempt....C-34 Insurance, Critical care & recovery - Exempt....C-35 Insurance, Critical care & recovery - Non Exempt....C-36 Insurance, Lump sum cancer or critical illness - Exempt....C-37

4 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-1.3 Index Changes for C-46 Cancer or critical illness - Exempt....C-37 Cancer or critical illness - Non Exempt....C-38 Cancer or other specified disease - Exempt....C-33 Cancer or other specified disease - Non Exempt....C-34 Childcare referral options - Exempt....C-19 Childcare, on-site, exempt....c-20 Commuter benefits - Exempt....C-24 Competitor comparisons....c-43 Compressed workweek - Exempt....C-13 Concierge service - Exempt....C-26 Critical care & recovery - Exempt....C-35 Critical care & recovery - Non Exempt....C-36 Decisions about benefits, how made....c-44 Dental - Exempt....C-29 Dental - Non Exempt....C-30 Dess codes, relaxed for summ....c-57 Disability, long term, exempt....c-2 Disability, short term, exempt....c-1 Dress code, dress down days, frequency....c-59 Dress code, dress down days....c-58 Dress Codes....C-56 Employee assistance program - Exempt....C-4 Financial planning assistance - Exempt....C-22 Fitness center, on-site, exempt....c-21 Flextime - Exempt....C-12 Health and wellness program - Exempt....C-11 Holidays, exempt....c-5 Insurance, Accident - Exempt....C-27 Insurance, Accident - Non Exempt....C-28 Job sharing - Exempt....C-15 Legal assistance program - Exempt....C-23 Length of service, tuition reimbursement eligibility....c-49 Life insurance - Exempt....C-3 Life or juvenile life - Exempt....C-39 Life or juvenile life - Non Exempt....C-40 Meals, subsidized, Exempt....C-25 Medicare supplement - Exempt....C-41 Medicare supplement - Non Exempt....C-42 Paid time off (PTO) - Exempt....C-8 Part-time employees, tuition reimbursement....c-48 Pet insurance - Exempt....C-18 Retirement, gradual, exempt....c-16 Reviews of benefit packages, date since....c-45 Sabbaticals (paid or unpaid) - Exempt....C-17 Sick days, exempt....c-7 Stock options or profit sharing - Exempt....C-9 Telecommuting - Exempt....C-14 Telecommuting allowances....c-52 Telecommuting Reimbursement....C-53 Telecommuting, employer satisfaction....c-54 Telecommuting, formal agreement....c-51 Telecommuting, why allowed....c-55 Tuition reimbursement - Exempt....C-10 Tuition Reimbursement Amounts....C-47 Tuition reimbursement, repayment....c-50 Vacation, exempt....c-6 Vision insurance - Non Exempt....C-32 Vision insurance- Exempt....C-31

5 2014 BLR Fring Benefits Survey, Perks Copyright 2014, Business & Legal Resources A-7 Benefits planning Conducting employee surveys is the method used by 23.8% of employers to determine what non-wage benefits to offer employees and 38% evaluate the benefits offered by other companies as well as their competitors. Hiring a consultant to develop a benefit plan, however, is the norm for 61.4%. How you make benefits decisions 61% work with a consultant to help them develop an employee benefit plan. Not sure 16.4% Evaluate competitors 38.0% Work with a consultant Survey employees 23.8% 61.4% 0% 10% 20% 30% 40% 50% 60% 70% A little over half (52.5%) of survey participants conducted a comprehensive evaluation of their benefits packages in 2013 and 24.6% have done so in How extensive changes will be % 49% Significant Minor 7% 31% Moderate None A review of benefits was conducted in 2012 for 8.6% and in 2011 for 2.6%. It was prior to 2011, though, for 11.8%. No changes are planned in for 13% of survey participants. Minor changes are in store for 49.3% and moderate changes are planned for 30.7%. Significant changes are on deck, however, for 7%. 53% evaluated their benefits plan in % plan no changes to their benefit plan in 2014 or 2015.

6 2014 BLR Fring Benefits Survey, Perks Copyright 2014, Business & Legal Resources B-8 How satisfied are you with telecommuting arrangements? Response percent Response count Very satisfied 27.5% 189 Somewhat satisfied 31.0% 213 Neutral 32.3% 222 Somewhat dissatisfied 7.4% 51 Very dissatisfied 1.9% 13 answered question skipped question What is your dress code for employees? Response percent Response count Very relaxed 10.0% 166 Relaxed and casual 53.8% 894 Traditional/business attire 36.0% 599 Strict, suits only 0.2% 4 answered question skipped question Is your dress code relaxed in summer months? Response percent Response count No 69.6% 419 Yes, applies to all 16.8% 101 Yes, for employees with no customer contact 13.6% 82 answered question skipped question

7 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-7 size Generated: March 31, Supplemental Insurance, Accident - Exempt Number of employees Total Sample Size 1, Combination funded Column % 13.3% 7.4% 10.0% 12.4% 14.4% 21.4% 19.6% Employee funded Column % 41.7% 33.2% 49.0% 48.2% 43.8% 39.3% 33.5% Employer funded Column % 28.1% 29.7% 24.1% 26.5% 30.3% 27.9% 31.7% Not available Column % 16.9% 29.7% 16.9% 13.0% 11.4% 11.4% 15.2% 58

8 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-8 Supplemental Insurance, Accident - Exempt 120.0% Combination funded Employee funded Employer funded Not available 100.0% 17.1% 12.8% 11.2% 11.7% 15.2% Column % 80.0% 60.0% 30.1% 29.7% 23.7% 26.2% 30.5% 27.0% 31.3% 40.0% 49.4% 48.4% 43.7% 40.1% 33.6% 20.0% 33.0% 0.0% 21.2% 19.9% 7.2% 9.7% 12.5% 14.7%

9 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-39 size Generated: March 31, How do your benefits compare with competitor employers? Number of employees Total Sample Size 1, About the same Column % 39.0% 28.7% 37.7% 43.9% 37.8% 40.5% 48.9% Don't know Column % 14.7% 24.1% 16.6% 14.8% 10.2% 6.8% 6.4% Less Generous Column % 8.6% 9.1% 10.1% 8.7% 11.1% 4.7% 5.5% More Generous Column % 37.8% 38.1% 35.7% 32.7% 40.9% 48.0% 39.1% 74

10 2014 BLR Fringe Benefits Survey, Perks Copyright 2014, Business & Legal Resources C-40 How do your benefits compare with competitor employers? 120.0% About the same Don't know Less Generous More Generous 100.0% 80.0% 38.2% 35.6% 32.9% 41.4% 48.3% 40.1% Column % 60.0% 40.0% 9.1% 24.5% 10.2% 16.5% 8.8% 14.5% 11.4% 4.8% 10.0% 6.9% 5.0% 5.9% 20.0% 28.3% 37.6% 43.8% 37.3% 40.0% 49.1% 0.0%