20 things on compensation and benefits

(Benchmark Survey Select Results)

1. Most organizations granted salary increases in 2010.
– Rank and file (91.01%)
– Officers (82.42%)

2. The actual percentages of these salary increases are mostly between 6% to 10%
– Rank and file (58.02%)
– Officers (60%)

3. The 6% to 10% increases were most often administered as percentages of basic salary based on individual performance rating.
– Rank and file (65.48%)
– Officers (83.12%)

4. Most organizations intend to grant salary increases in 2011.
– Rank and file (94.32%)
– Officers (95.29%)

5. The projected percentage of salary increases in 2011 are mostly between 6% to10%
– Rank and file (53.66%)
– Officers (58.75%)

6. Most organizations do not have profit sharing schemes
– Rank and file (77.78%)
– Officers (66.67%)

7. Most organizations convert unused sick leaves to cash
– Rank and file (68.13%)
– Officers (63.74%)

8. Most organizations do not convert unused vacation leaves to cash.
– Rank and file (50.55%)
– Officers (54.95%)

9. Most organizations do not have punctuality/perfect attendance incentives.
– Rank and file (55.56%)
– Officers (87.36%)

10. Most organizations extend HMO plans/healthcards to their employees.
– Rank and file (86.67%)
– Officers (88.89%)

11. Most organizations also extend their HMO plans/healthcards to their employees’ dependents
– Rank and file (62.34%)
– Officers (70.51%)

12. Most organizations provide insurance (group/individual)
– Rank and file (92.22%)
– Officers (92.22%)

13. Most organizations do not have car plans for rank and file employees. Most of them have car plans for officers albeit for select positions only

14. Most organizations do not have flexible schemes for their employees
– Rank and file (63.33%)
– Officers (42.70%)

15.Most organizations do not have work-from-home schemes for their employees
– Rank and file (89.01%)
– Officers (78.89%)

16. Most organizations provide rice subsidies to their rank and file employees. For their officers, 50% do and 50% do not.

17. Most organizations provide clothing subsidies to their employees
– Rank and file (75.82%)
– Officers (62.22%)

18. These clothing subsidies are most often administered through uniforms.
– Rank and file (84.06%)
– Officers (64.91%)

19. Most organizations do not have employee stock option plans.
– Rank and file (88.64%)
– Officers (80.90%)

20. Most organizations do not have flexible benefits schemes in place.
– Rank and file (93.26%)
– Officers (88.76%)

–PMAP, Philippine Daily Inquirer