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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 United States and subsidiary offices in China, India SHRMChina@shrm.org and United Arab Emirates. Visit us at shrm.org. Online India SHRM Online: shrm.org Gurgaon, Sector 26 SHRM Research & Surveys: shrm.org/research Haryana 122002 SHRM Research on Twitter: @SHRM_Research +91.12.44200243 SHRM Research on LinkedIn: LinkedIn.com SHRMIndia@shrm.org SHRM Research on SHRM Connect: United Arab Emirates community.shrm.org Dubai Knowledge Village Dubai, UAE +971.050.104.6330 SHRM.MEA@shrm.org 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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