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2018 EMPLOYEE
BENEFITS
THE EVOLUTION OF BENEFITS
2018 EMPLOYEE BENEFITS
The Evolution of Benefits
A RESEARCH REPORT BY
THE SOCIETY FOR HUMAN
RESOURCE MANAGEMENT
Media Contact USA
Kate Kennedy SHRM Headquarters
The Society for Human Resource Management + 1.703.535.6260 Alexandria, VA 22314
(SHRM) is the world’s largest HR professional society, kate.kennedy@shrm.org +1.800.283.7476
representing 285,000 members in more than 165 Vanessa Hill SHRM@shrm.org
countries. For nearly seven decades, the Society +1.703.535.6072 China
has been the leading provider of resources serving vanessa.hill@shrm.org Gateway Plaza
the needs of HR professionals and advancing the Sundra Hominik Chaoyang District
practice of human resource management. SHRM +1.703.535.6273 Beijing, 100027
has more than 575 affiliated chapters within the sundra.hominik@shrm.org +86.10.59231033
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18-0623
1 The Strategic Use of Benefits
3 The Evolution of Benefits Offerings
4 Health Care Benefits
9 Wellness Benefits
10 Paid Leave Benefits
12 Retirement Savings and Planning Benefits
13 Work-Life and Convenience Benefits
14 Financial and Career Benefits
16 Professional and Career Development Benefits
17 Travel and Relocation Benefits
18 Conclusion
19 Respondent Demographics
20 Methodology
21 Appendix: Benefits by Year
21 Health, Leave and Retirement Benefits
21 Table 3: Health-Related Benefits
22 Table 4: Coverage for Specific Health Services or Procedures
23 Table 5: Wellness Benefits
24 Table 6: Leave Benefits
25 Table 7: Retirement Savings and Planning Benefits
26 Work-Life and Convenience Benefits
26 Table 8: Flexible Working Benefits
27 Table 9: Family-Friendly Benefits
28 Table 10: Employee Programs and Services
29 Financial and Career Benefits
29 Table 11: Compensation Benefits
CONTENTS 30 Table 12: Financial Benefits
31 Table 13: Professional and Career Development Benefits
32 Travel and Relocation Benefits
32 Table 14: Business Travel Benefits
33 Table 15: Housing and Relocation Benefits
34 Endnotes
WITH EMPLOYEE BENEFITS MAKING UP
1
APPROXIMATELY ONE-THIRD OF TOTAL COMPENSATION COSTS,
ORGANIZATIONS MUST ENGAGE IN STRATEGIC BENEFITS PLANNING
TO MAXIMIZE THEIR RETURN ON INVESTMENT.
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