Fringe Benefit Profile - Iowa Workforce Development

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Fringe Benefit Profile - Iowa Workforce Development

Regional Analysis

Cherokee County

Lyon County

O’Brien County

Osceola County

Plymouth County

Sioux County

A Profile of

Fringe Benefits

Released January 2007


Iowa Workforce Development and its Board of Directors worked in partnership with the Employers' Council of

Iowa to contact a random sample of local employers across all industrial classifications and employment

ranges. Responding businesses provided information on fringe benefit packages offered in the Northwest Iowa

Developers Coalition region that encompasses Cherokee, Lyon, O’Brien, Osceola, Plymouth, and Sioux

counties in Iowa. The information provides a detailed analysis of employer-provided benefits. Consequently,

this information will assist businesses, community leaders, and workers to make better informed decisions on

expansion and retention initiatives, community development projects, and job offerings.

This information is analyzed and compiled by

Iowa Workforce Development

430 E. Grand Avenue

Des Moines, Iowa 50309

(515) 281-7307

www.iowaworkforce.org


Fringe Benefit Profile

Benefit Overview

36.6 percent of the employers located in the Northwest

Iowa Coalition region who were randomly selected to

participate in the survey provided input on fringe benefits

being offered (745 were sent the survey, 273 provided

responses). Results are detailed by four benefit category

offerings - Insurance, Paid Leave, Retirement, and

Additional Benefit Offerings - industry sector, and

employment range amongst full-time and part-time

employees.

■ 79.7% offer a fringe benefit package in addition to

wage compensation

▪ 4.4% offer benefit packages that are union

negotiated

■ The average hours worked to be considered full-time

is 37 per week

▪ 96.3% employ at least one full-time employee

▪ 77.7% employ at least one part-time employee

▪ 23.4% employ at least one temporary/seasonal

employee

Insurance - Health/Medical cont.




Health/Medical offered by employment status

▪ 85.8% full-time

▪ 16.9% part-time

65.5% cost share premiums associated with health/

medical insurance for full-time employees

▪ Employers cover an average of 67.4% of the

premium

▪ 19.9% increased employee’s cost share

portion in the last year by an average of

5.3%

62.5% of employers cost share premiums

associated with health/medical insurance for parttime

employees

▪ Very few employers responded to the

premium costs to provide average cost share

portion and increases in the prior year

Percent of Employers Offering

Health/Medical Insurance

by Employment Size & Status

Insurance - Health/Medical





Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 10.3%

▪ 17.0% plan to increase employee’s

contribution in the next year by an average of

11.5%

73.3% offer health/medical insurance in their total

compensation packages

▪ 4.0% offer more than one health/medical

plan

▪ 68.5% have health/medical insurance plans

that include family coverage (meaning

employee + dependents)

The majority of employers offer three types of

medical insurance plans. The following represent

those who are enrolled in a health/medical plan

offered by the employer

▪ 21.6% Traditional Indemnity Plan

▪ 75.1% Preferred Provider Organization (PPO)

▪ 3.2% Health Maintenance Organization

(HMO)

18.1% offer health/medical insurance to retired

employees

▪ 15.4% cost share in premiums for retirees

only coverage

▪ 19.4% cost share in premiums for retirees

and spouse coverage

Full-Time

Employees

Part-Time

Employees

14.6%

79.9%

9.5%

94.6%

89.5%

16.7%

100.0%

25.0%

100.0%

46.2%

1 to 24 25 to 49 50 to 99 100 to 249 250+

Percent of Employers Offering

Health/Medical Insurance

by Industry & Employment Status

INDUSTRY Full -Time Part-Time

Wholesale/Retail Trade 69.2% 0.0%

Health Care/Social Assistance 58.3% 8.3%

Finance/Insurance 100.0% 0.7%

Warehouse/Transportation 75.0% 0.0%

Manufacturing 62.5% 0.0%

Professional/Management Services 83.3% 0.0%

Construction 83.3% 16.7%

Food Service/Entertainment 28.6% 0.0%

1


Insurance - Prescription Drugs

Full-Time Employees

77.2% offer a prescription drug plan as part of a health/

medical insurance plan

■ 60.9% offer a plan in which the employee can

purchase prescription drugs either by retail or mail

order

Part-Time Employees

13.5% offer a prescription drug plan as part of a health/

medical insurance plan

■ 66.7% offer a plan in which the employee can

purchase prescription drugs either by retail or mail

order

Insurance - Accidental Death &

Dismemberment (AD&D), Life,

Short-Term & Long-Term Disability

Percent of Employers Offering

AD&D, Life Insurance,

Short-term Disability & Long-Term Disability

47.6%

31.9%

29.7%

26.7%

Life Short-Term Long-Term AD&D

Insurance Disability Disability

Insurance - Vision Coverage

Full-Time Employees

9.0% offer vision coverage

■ 86.7% offer a comprehensive plan that includes

routine eye exam, contacts, and lenses/frames

■ 85.7% cost share premiums associated with vision

coverage

▪ Employers average cost share - 63.6%

Part-Time Employees

3.0% offer vision coverage

Insurance - Dental Coverage

Full-Time Employees

39.1% offer dental coverage to full-time employees

■ 88.3% offer a dental plan that is comprehensive which

includes preventative, basic, major, and orthodontic

coverage

AD&D:

Coverage is determined by one of three methods

■ 36.7% total annual salary

■ 38.8% percent of annual salary

■ 24.5% pre-determined percent times annual salary

Life Insurance:

Coverage is determined by one of three methods

■ 42.0% total annual salary

■ 45.7% pre-determined number times annual salary

■ 12.35 pre-determined percent of annual salary

■ 47.3% offer additional life insurance employees may

purchase beyond coverage employer provides

Long-Term Disability:

■ 92.2% use a percent of salary to determine

coverage

▪ Average percent used to calculate the

benefit - 63.9%

Short-Term Disability:

■ 89.40% have a waiting period prior to employees

being able to utilize short-term disability

■ Average waiting period is 33 days

■ Average length of coverage is 26 weeks

Part-Time Employees

10.5% offer dental coverage to part-time employees

■ 94.4% offer a dental plan that is comprehensive which

includes preventative, basic, major, and orthodontic

coverage

2


Paid Leave - Vacation



88.6% offer to full-time employees

24.0% offer to part-time employees

Number of Days Earned by

Length of Service & Employment Status

FT - Years of Average #

Employment Days Provided

1 Year

7

5 Years

12

10 Years

15

Paid Leave - Sick



54.4% offer to full-time employees

10.6% offer to part-time employees

PT - Years of Average #

Employment Days Provided

1 Year

5

5 Years

9

10 Years

10

Retirement/Pension Plans



68.4% offer to full-time employees

▪ Average wait to be 100% vested - 4 years

22.6% offer to part-time employees

▪ Average wait to be 100% vested - 5 years

Defined Contribution Plan

Defined as a plan for contribution from one or both parties, e.g.: 401

(k), Savings & Thrift, Deferred Profit Sharing, Deferred

Compensation plans

■ 61.2% offer to full-time employees

▪ 81.9% offer percent match with average match

of 4.0%

■ 23.8% offer to part-time employees

Number of Days Earned by

Length of Service & Employment Status

FT - Years of Average #

Employment Days Provided

1 Year

8

5 Years

12

10 Years

12

Paid Leave - Holiday



PT - Years of Average #

Employment Days Provided

1 Year

6

5 Years

10

10 Years

12

89.0% offer to full-time employees

▪ Average number of days given each year - 7

22.8% offer to part-time employees

▪ Average number of days given each year - 6

Defined Benefit Pension Plan

Defined as a plan that uses a specific pre-determined formula to

calculate an employee’s future benefit, i.e.: Railroad Retirement,

IPERS, etc.



11.1% offer plan to full-time employees

▪ 44.4% offer percent match with average match

of 6.0%

6.5% offer plan to part-time employees

Paid Leave - Personal Days/

Floating Holidays



30.4% offer to full-time employees

▪ Average number of days given each year - 3

5.3% offer to part-time employees

▪ Average number of days given each year - 1

Paid Leave - Personal-Time-Off (PTO)

Defined as a lump sum/consolidated bank of paid time off that

includes all paid leave offered by employer including vacation, sick,

personal, and holidays versus offering each separately



12.3% offer to full-time employees

5.2% offer to part-time employees

Number of Days Earned by

Length of Service & Employment Status

FT - Years of Average #

Employment Days Provided

1 Year

13

5 Years

16

10 Years

19

PT - Years of Average #

Employment Days Provided

1 Year

12

5 Years

15

10 Years

17

Additional Benefit Offerings

Percent of Employers Offering

Additional Benefit Options

Fringe Benefit

% Offered to

Employees

Flex Spending Accounts 39.6%

Tuition Assistance 23.8%

Employee Assistance Program 19.8%

Shift Differential 15.4%

Hiring Bonuses 9.9%

Fitness Club Reimbursement 8.8%

Childcare Assistance 2.9%

Adoption Assistance 1.5%

Concierge Service 1.1%

3


Industry - All Employment Ranges

Healthcare

84.0% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 9.9%

▪ 12.5% plan to increase employee’s

contribution in the next year by an average

of 13.5%

■ None of the employers in this industry offer health/

medical insurance to retired employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

Medical

Prescription Drugs

Dental Coverage

Life Insurance

Short-Term Disability

Long-Term Disability

Vision Insurance

AD&D

% Offered to

Employees

72.0%

68.0%

44.0%

36.0%

28.0%

16.0%

16.0%

16.0%

Percent of Employers

Offering Paid Leave

Manufacturing

94.3% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 13.9%

▪ 20.0% plan to increase employee’s

contribution in the next year by an average

of 10.6%

■ 12.5% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 91.4%

Prescription Drugs 85.7%

Life Insurance 68.6%

Short-Term Disability 57.1%

Dental Coverage 54.3%

AD&D 54.3%

Long-Term Disability 51.4%

Vision Insurance 17.1%

Percent of Employers

Offering Paid Leave

76.0%

94.3%

88.6%

60.0%

44.0%

24.0% 24.0%

40.0%

34.3%

14.3%

Vacation

Leave

Holiday

Leave

Sick Leave

Paid-Time-

Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

Retirement

Tuition Assistance

Flex Spending Accounts

Employee Assistance Program

Shift Differential

Hiring Bonuses

Childcare Assistance

Fitness Club Membership

Concierge Service

Adoption Assistance

% Offered to

Employees

76.0%

52.0%

52.0%

36.0%

28.0%

28.0%

12.0%

8.0%

4.0%

4.0%

Personal

Days

4

Holiday

Leave

Vacation

Leave

Sick Leave

Personal

Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Paid-Time-

Off (PTO)

Fringe Benefit

% Offered to

Employees

Retirement 80.0%

Flex Spending Accounts 74.3%

Shift Differential 42.9%

Tuition Assistance 37.1%

Employee Assistance Program 37.1%

Fitness Club Membership 17.1%

Hiring Bonuses 14.3%

Childcare Assistance 2.9%

Adoption Assistance 2.9%


Wholesale/Retail Trade

75.0% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 8.6%

▪ 13.5% plan to increase employee’s

contribution in the next year by an average

of 23.0%

■ 9.3% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 71.4%

Prescription Drugs 57.1%

Life Insurance 30.0%

Short-Term Disability 24.3%

AD&D 18.6%

Dental Coverage 17.1%

Long-Term Disability 8.6%

Vision Insurance 7.1%

Percent of Employers

Offering Paid Leave

Professional & Management Services

88.9% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 7.0%

▪ None of the employers in this industry plan

to increase employee’s contribution in the

next year

■ None of the employers in this industry offer health/

medical insurance to retired employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 55.6%

Prescription Drugs 55.6%

Life Insurance 33.3%

Dental Coverage 33.3%

Long-Term Disability 33.3%

AD&D 22.2%

Vision Insurance 0.1%

Short-Term Disability 0.1%

Percent of Employers

Offering Paid Leave

72.9% 71.4%

88.9% 88.9%

40.0%

55.6%

10.0%

4.3%

22.2%

Vacation

Leave

Holiday

Leave

Sick Leave

Personal

Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Paid-Time-

Off (PTO)

Fringe Benefit

% Offered to

Employees

Retirement 55.7%

Flex Spending Accounts 20.0%

Tuition Assistance 10.0%

Employee Assistance Program 7.1%

Shift Differential 5.7%

Hiring Bonuses 4.3%

Fitness Club Membership 2.9%

Concierge Service 1.4%

5

Holiday Leave Vacation Leave Sick Leave Personal Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 66.7%

Flex Spending Accounts 44.4%

Employee Assistance Program 33.3%

Tuition Assistance 22.2%

Fitness Club Membership 22.2%

Adoption Assistance 11.1%

Hiring Bonuses 11.1%


Government

All employers in this industry offer a benefit package in

addition to wage compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 10.9%

▪ None of the employers in this industry plan

to increase employee’s contribution in the

next year

■ 33.3% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 91.7%

Life Insurance 83.3%

Short-Term Disability 58.3%

Prescription Drugs 50.0%

Long-Term Disability 41.7%

AD&D 33.3%

Dental Coverage 16.7%

Percent of Employers

Offering Paid Leave

Finance & Insurance

96.3% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total

payroll is applied toward providing health/medical

insurance

▪ Average is 12.1%

▪ 30.4% plan to increase employee’s

contribution in the next year by an average

of 8.9%

■ 53.8% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 96.3%

Long-Term Disability 88.9%

Life Insurance 85.2%

Prescription Drugs 81.5%

Dental Coverage 63.0%

Short-Term Disability 51.9%

AD&D 44.4%

Vision Insurance 3.7%

Percent of Employers

Offering Paid Leave

100.0% 100.0% 100.0%

88.9%

81.5%

77.8%

58.3%

48.1%

22.2%

Vacation Leave Holiday Leave Sick Leave Personal Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 66.7%

Flex Spending Accounts 41.7%

Tuition Assistance 25.0%

Employee Assistance Program 25.0%

Shift Differential 16.7%

Childcare Assistance 8.3%

Fitness Club Membership 8.3%

Holiday Vacation Sick Leave Personal Paid-Time-

Leave Leave Days Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 92.6%

Flex Spending Accounts 70.4%

Tuition Assistance 51.9%

Employee Assistance Program 37.0%

Hiring Bonuses 22.2%

Fitness Club Membership 22.2%

Childcare Assistance 11.1%

Shift Differential 7.4%

6 Concierge Service 3.7%


Warehousing & Transportation

64.3% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 9.2%

▪ None of the employers in this industry plan

to increase employee’s contribution in the

next year

■ 27.3% offer health/medical insurance to retired

employees

Paid Leave:

64.3%

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 64.3%

Prescription Drugs 50.0%

Life Insurance 35.7%

Dental Coverage 35.7%

Short-Term Disability 35.7%

Vision Insurance 28.6%

Long-Term Disability 14.3%

AD&D 7.1%

Percent of Employers

Offering Paid Leave

57.1%

Construction

87.0% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total

payroll is applied toward providing health/medical

insurance

▪ Average is 8.0%

▪ None of the employers in this industry

plan to increase employee’s contribution in

the next year

■ 11.1% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 78.3%

Prescription Drugs 60.9%

Life Insurance 47.8%

AD&D 30.4%

Dental Coverage 26.1%

Short-Term Disability 21.7%

Long-Term Disability 17.4%

Vision Insurance 8.7%

82.6% 82.6%

Percent of Employers

Offering Paid Leave

35.7%

28.6%

21.7%

17.4%

4.3%

7.1%

Vacation

Leave

Holiday

Leave

Sick Leave

Personal

Days

Paid-Time-

Off (PTO)

Vacation

Leave

Holiday

Leave

Sick Leave

Personal

Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Paid-Time-

Off (PTO)

Fringe Benefit

% Offered to

Employees

Retirement 57.1%

Shift Differential 21.4%

Hiring Bonuses 14.3%

Flex Spending Accounts 7.1%

no additional benefits reported

7

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 56.5%

Shift Differential 26.1%

Flex Spending Accounts 26.1%

Tuition Assistance 13.0%

Employee Assistance Program 13.0%

Fitness Club Membership 4.3%


Personal Services

77.8% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total

payroll is applied toward providing health/medical

insurance

▪ Average is 8.0%

▪ None of the employers in this industry plan

to increase employee’s contribution in the

next year

■ None of the employers in this industry offer health/

medical insurance to retired employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 77.8%

Life Insurance 55.6%

Prescription Drugs 44.4%

Vision Insurance 22.2%

Short-Term Disability 22.2%

Dental Coverage 11.1%

AD&D 11.1%

Percent of Employers

Offering Paid Leave

Entertainment & Food Services

16.7% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total

payroll is applied toward providing health/medical

insurance

▪ Average is 5.0%

▪ None of the employers in this industry plan

to increase employee’s contribution in the

next year

■ None of the employers in this industry offer health/

medical insurance to retired employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 11.1%

Vision Coverage 11.1%

Dental Coverage 11.1%

Prescription Drugs 11.1%

AD&D 5.6%

Life Insurance 5.6%

Short-Term Disability 5.6%

Long-Term Disability 5.6%

Percent of Employers

Offering Paid Leave

77.8% 77.8%

16.7%

11.1%

22.2%

5.6% 5.6%

Holiday Leave Vacation Leave Sick Leave

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 55.6%

Flex Spending Accounts 33.3%

Tuition Assistance 11.1%

no additional benefits reported

Vacation Leave Holiday Leave Sick Leave Paid-Time-Off

(PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Tuition Assistance 11.1%

Hiring Bonuses 11.1%

Retirement 5.6%

Flex Spending Accounts 5.6%

Fitness Club Membership 5.6%

Employee Assistance Program 5.6%

8


Industry Clusters

Advanced Manufacturing

93.9% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 12.7%

▪ 20.8% plan to increase employee’s

contribution in the next year by an average

of 12.0%

■ 10.0% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 84.8%

Prescription Drugs 81.8%

Life Insurance 60.6%

Dental Coverage 51.5%

Short-Term Disability 45.5%

AD&D 45.5%

Long-Term Disability 42.4%

Vision Insurance 6.1%

Percent of Employers

Offering Paid Leave

BioScience

96.3% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 14.3%

▪ 23.8% plan to increase employee’s

contribution in the next year by an average

of 10.0%

■ 12.0% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 81.5%

Prescription Drugs 77.8%

Life Insurance 55.6%

Long-Term Disability 51.9%

Dental Coverage 44.4%

AD&D 44.4%

Short-Term Disability 37.0%

Vision Insurance 18.5%

Percent of Employers

Offering Paid Leave

93.9%

90.9%

96.3%

88.9%

45.5%

48.1%

30.3%

9.1%

18.5% 18.5%

Holiday

Leave

Vacation

Leave

Sick Leave

Personal

Days

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Paid-Time-

Off (PTO)

Fringe Benefit

% Offered to

Employees

Retirement 75.8%

Flex Spending Accounts 66.7%

Tuition Assistance 36.4%

Employee Assistance Program 33.3%

Shift Differential 33.3%

Fitness Club Membership 15.2%

Hiring Bonuses 12.1%

Adoption Assistance 6.1%

Childcare Assistance 3.0%

9

Holiday Vacation Sick Leave Personal Paid-Time-

Leave Leave Days Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 81.5%

Flex Spending Accounts 70.4%

Tuition Assistance 37.0%

Shift Differential 33.3%

Employee Assistance Program 29.6%

Fitness Club Membership 18.5%

Hiring Bonuses 14.8%

Adoption Assistance

Childcare Assistance

7.4%

3.7%


Information Technology

90.9% offer a benefit package in addition to wage

compensation

Notes

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 9.0%

▪ 20.0% plan to increase employee’s

contribution in the next year by an average

of 8.3%

■ 10.5% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

Medical

Prescription Drugs

Life Insurance

Dental Coverage

Long-Term Disability

AD&D

Short-Term Disability

Vision Insurance

% Offered to

Employees

77.3%

77.3%

54.5%

50.0%

36.4%

31.8%

31.8%

13.6%

Percent of Employers

Offering Paid Leave

90.9%

77.3%

54.5%

13.6% 13.6%

Holiday

Leave

Vacation

Leave

Sick Leave

Personal

Days

Paid-Time-

Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

% Offered to

Fringe Benefit

Employees

Retirement

72.7%

Flex Spending Accounts

59.1%

Shift Differential

31.8%

Tuition Assistance

31.8%

Employee Assistance Program 27.3%

Fitness Club Membership

9.1%

Hiring Bonuses

9.1%

Childcare Assistance

4.5%

Adoption Assistance

4.5%

10


Employment Range - All Industries

1 - 24 Employees

73.3% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 9.7%

▪ 13.9% plan to increase employee’s

contribution in the next year by an average of

13.8%

■ 15.2% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 64.6%

Prescription Drugs 53.4%

Life Insurance 36.0%

Dental Coverage 23.0%

Short-Term Disability 23.0%

Long-Term Disability 19.7%

AD&D 19.1%

Vision Insurance 7.3%

Percent of Employers

Offering Paid Leave

25 - 49 Employees

85.7% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 11.9%

▪ 11.5% plan to increase employee’s

contribution in the next year by an average

of 6.0%

■ 18.9% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 83.3%

Prescription Drugs 69.0%

Life Insurance 61.9%

Long-Term Disability 42.9%

Dental Coverage 40.5%

Short-Term Disability 38.1%

AD&D 31.0%

Vision Insurance 19.0%

Percent of Employers

Offering Paid Leave

70.2% 69.7%

81.0% 78.6%

43.8%

50.0%

20.2%

9.0%

26.2%

Vacation

Leave

Holiday

Leave

Sick Leave

Personal

Days

Paid-Time-

Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 53.9%

Flex Spending Accounts 27.0%

Tuition Assistance 17.4%

Employee Assistance Program 9.0%

Shift Differential 5.6%

Hiring Bonuses 5.6%

Fitness Club Membership 3.9%

Childcare Assistance 2.2%

9.5%

Holiday Vacation Sick Leave Personal Paid-Time-

Leave Leave Days Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 73.8%

Flex Spending Accounts 42.9%

Tuition Assistance 26.2%

Employee Assistance Program 23.8%

Shift Differential 14.3%

Hiring Bonuses 14.3%

11

Fitness Club Membership 11.9%

Concierge Service 2.4%


50 - 99 Employees 100 - 249 Employees

90.0% offer a benefit package in addition to wage

compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 11.0%

▪ 21.4% plan to increase employee’s

contribution in the next year by an average of

11.7%

■ 16.7% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

Medical

Prescription Drugs

Life Insurance

Long-Term Disability

Dental Coverage

AD&D

Short-Term Disability

Vision Insurance

% Offered to

Employees

85.0%

75.0%

55.0%

45.0%

40.0%

40.0%

35.0%

5.0%

Percent of Employers

Offering Paid Leave

All employers in this employment range offer a benefit

package in addition to wage compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical

insurance

▪ Average is 11.2%

▪ 15.4% plan to increase employee’s

contribution in the next year by an average

of 8.5%

■ 35.0% offer health/medical insurance to retired

employees

Paid Leave:

Percent of Employers

Offering Insurance Options

Fringe Benefit

% Offered to

Employees

Medical 100.0%

Prescription Drugs 95.0%

Life Insurance 80.0%

Dental Coverage 60.0%

Short-Term Disability 60.0%

Long-Term Disability 55.0%

AD&D 45.0%

Vision Insurance 25.0%

Percent of Employers

Offering Paid Leave

75.0% 75.0%

95.0% 95.0%

65.0%

40.0%

50.0%

30.0%

15.0%

5.0%

Vacation Holiday Sick Leave Personal Paid-Time- Vacation Holiday Sick Leave Personal Paid-Time-

Leave Leave Days Off (PTO) Leave Leave Days Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

Retirement

Flex Spending Accounts

Shift Differential

Fitness Club Membership

Employee Assistance Program

Tuition Assistance

Hiring Bonuses

Childcare Assistance

Concierge Service

% Offered to

Employees

85.0%

75.0%

40.0%

30.0%

30.0%

20.0%

10.0%

5.0%

5.0% 12

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 85.0%

Flex Spending Accounts 80.0%

Employee Assistance Program 55.0%

Shift Differential 50.0%

Tuition Assistance 50.0%

Hiring Bonuses 30.0%

Fitness Club Membership 15.0%

Adoption Assistance 5.0%

Childcare Assistance 5.0%


250 + Employees Notes

All employers in this employment range offer a benefit

package in addition to wage compensation

Insurance:

■ Employers were asked what percent of total payroll

is applied toward providing health/medical insurance

▪ Average is 10.6%

▪ 46.2% plan to increase employee’s

contribution in the next year by an average of

8.8%

■ 12.5% offer health/medical insurance to retired

employees

Percent of Employers

Offering Insurance Options

Fringe Benefit

Medical

Life Insurance

Dental Coverage

Prescription Drugs

Short-Term Disability

AD&D

Long-Term Disability

Vision Insurance

% Offered to

Employees

100.0%

100.0%

100.0%

92.3%

84.6%

69.2%

61.5%

38.5%

Paid Leave:

Percent of Employers

Offering Paid Leave

84.6%

76.9%

46.2%

30.8%

23.1%

Holiday Vacation Personal Paid-Time- Sick Leave

Leave Leave Days Off (PTO)

Additional Benefit Offerings:

Percent of Employers

Offering Additional Benefits

Fringe Benefit

% Offered to

Employees

Retirement 100.0%

Employee Assistance Program 84.6%

Flex Spending Accounts 84.6%

Tuition Assistance 69.2%

Shift Differential 61.5%

Fitness Club Membership 23.1%

Hiring Bonuses 23.1%

Adoption Assistance 7.7%

Childcare Assistance 7.7% 13


Northwest Iowa Development

Business & Industry Center

603 West Park Street

Sheldon, Iowa 51201

866-384-2665

Sponsored in partnership

Cherokee County

Lyon County

O’Brien County

Osceola County

Plymouth County

Sioux County

Alvord

Harris

Larchwood

Ocheyedan

Rock Valley

Sutherland

Alton

Hartley

Le Mars

Orange City

Sanborn

Boyden

Hawarden

Little Rock

Paullina

Sheldon

Cherokee

Hull

Matlock

Primghar

Sibley

George

Ireton

Melvin

Rock Rapids

Sioux Center

Alliant Energy

Iowa Lakes Electric Cooperative

Lyon Rural Electric Cooperative

North West Rural Electric Cooperative

MidAmerican Energy

2007

Iowa Workforce Development

Workforce Data & Business Development Bureau

430 E. Grand Avenue

Des Moines, IA 50309-1920

(515) 281-7307

www.iowaworkforce.org

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