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Endangered species: 21 employee benefits

Christian Schappel
by Christian Schappel
August 31, 2011
1 minute read
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More than three quarters of HR pros say their benefits offerings have been hurt by the slumping economy, found a recent study. Which benefits have taken the biggest hit?
The following list — based on a survey off 600 HR professionals by the Society for Human Resource Management (SHRM) — was recently published by U.S. News & World Report.
In alphabetical order, here are 21 benefits the SHRM survey found to be disappearing from U.S. workplaces since 2007:

  1. Adoption assistance
  2. Casual Dress Day
  3. Company picnics
  4. Contraceptive coverage
  5. Executive club memberships
  6. Health maintenance organizations (HMOs)
  7. Home ownership assistance (this includes mortgage assistance and down payment assistance)
  8. Incentive bonus plans (this includes executive bonuses)
  9. Legal assistance
  10. Life insurance for dependents
  11. Long-term care insurance
  12. Paid family leave
  13. Professional development opportunities
  14. Relocation benefits
  15. Retiree healthcare coverage
  16. Rewards for job tenure and performance
  17. Sports team sponsorship
  18. Take Your Child To Work Day
  19. Tickets to sporting events and theater performances
  20. Traditional pension plans
  21. Travel benefits

Info: For stats on how quickly each of these benefits is being phased out, check out the USN report, here.

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