STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
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Criteria for Progressive Plan Sponsors<br />
Currently offer benefits that are competitive within their industry/size segment.<br />
Understand employees’ greatest financial and lifestyle concerns.<br />
Highly interested in helping employees address their needs AND planning to do so<br />
by 2010, particularly in maintaining a healthy lifestyle, providing access to mental<br />
health counseling, retirement planning, and work/life balance programs.<br />
The Number of “Progressives” Will Increase By 2010<br />
On average, 11% of employers (about 68,000 businesses nationwide) consider<br />
themselves “progressive.”<br />
Another 31% consider themselves “above average,” meaning they have a progressive<br />
benefit philosophy, but take a slightly more conservative approach in adopting new<br />
programs, communication strategies, technology, and outsourcing.<br />
Across plan sponsors in the research, the percent of progressive and forward-thinking<br />
companies will be increasing by 2010 to more than 50% of all employers.<br />
THE PROGRESSIVE CONTINUUM <strong>OF</strong> PLAN SPONSORS<br />
U.S. BUSINESSES WITH 50+ <strong>EMPLOYEE</strong>S<br />
46%<br />
11%<br />
22%<br />
31%<br />
36%<br />
Progressives Forward Looking Followers Status Quo<br />
29