Small businesses hoping to compare their benefits practices with those of their peers have a new source of information to turn to.
Human resources solution provider Zenefits has released its "Zenefits Small Business Benefits Benchmark Report," which examines how plan types, contributions, premiums, deductibles, copays and out-of-pocket costs differ across regions using aggregate data from more than 8,000 Zenefits customers. Businesses can review the choices of similar companies within the same region.
The report finds small businesses "consistently contribute more than required to employer-sponsored health insurance," kicking in close to 25 percent above the requirement for monthly premiums. Small businesses weigh talent acquisition and retention, pretax considerations and benefits packages when deciding how much to contribute.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
