The Nevada Association of Employers (NAE) released the results from its 2017-2018 Nevada Benefits and Personnel Practices Survey, showing that local businesses are offering a more attractive benefits package as an incentive to recruit and retain employees.
NAE’s survey contains data from 62 Nevada employers in 15 industry categories, with the three top participating industries being manufacturing and production, healthcare and non-profit. The majority of respondents employ 99 employees or fewer.
“In order to remain competitive within the market, employers are looking for more ways to effectively engage new employees and retain current ones by offering an appealing incentive plan,” said Thoran Towler, NAE chief executive officer.
NAE’s survey highlights include:
– According to the Bureau of Labor Statistics, 85 percent of full-time workers nationwide had access to life insurance. In Nevada, 81 percent of participants surveyed offered life insurance to their full-time employees, and about 90 percent said that their company will cover the full premium.
– Seventy-six percent reported providing at least eight or more observed holidays, while the average number of paid holidays is 7.6 for full-time employees, according to the Bureau of Labor Statistics.
– Thirty-two percent of NAE’s survey participants allowed their employees to carry over 80 hours of accrued and unused paid time off, while another 32 percent said that they can carry over more than 160 hours.
– From NAE’s survey results, 40 percent said that unused vacation time can be carried over, and 33 percent of the respondents did not cap the amount of vacation time an employee can accrue.
– Sixty-nine percent of participants provided their employees with at least four paid bereavement days off for an immediate family member’s death.
– About 97 percent provided medical care to their employees, and 56 percent offer domestic partner health insurance.
Additional data regarding work schedules, rest and lunch periods, drug and alcohol testing, hiring, recruitment and relocation, dress and appearance standards, holidays, health and welfare insurance, dental insurance, short-term and long-term disability, severance pay, safety, internet and email and part-time employee benefits are included in the full NAE 2017-2018 Nevada Benefits and Personnel Practices Survey and are available upon request.
About Nevada Association of Employers
Since 1938, the Nevada Association of Employers (NAE) has been providing Nevada businesses with services and support that help them successfully operate and grow their businesses. NAE provides human resources services, government affairs support, employment law consulting, research, training, surveys and other services to more than 400 employers throughout Nevada. NAE benefits Nevada businesses big and small, in a wide variety of industries with different needs. Visit www.nevadaemployers.org.