This report can help employers determine benefits they need to offer to remain competitive in the marketplace. The report provides insightful data about California employers' current benefits practices and notes the trends. Participants from 1,037 organizations provided information about their health care benefits and retirement packages, along with information on part-time employees, holidays, paid time off, wellness and elder care benefits.
The findings from the 2007 CalChamber Employer Benefits Survey illustrate the challenge California employers confront in their attempts to create mutual loyalty through the provision of meaningful employee benefits, while simultaneously managing health care costs. In the past several years, there has been a marked increase in the number and types of benefits offered employees, with a corresponding rise in employee cost sharing for health care.
Identifying and maintaining a balance between employee needs and employer cost-efficiency goals is, and will continue to be a constant challenge. This report provides data that will help an employer make tough decisions about their benefits offering.