What your peers are doing: Benefits for part-timers?
July 16, 2008 by Sam NarisiPosted in: Attracting talent, In This Week's E-Newsletter, Latest News & Views
We asked 314 HR managers whether not they offer benefits to part-time employees. Here’s what they said:
Yes: 46%
No: 38%
We don’t have part-timers: 16%
Those that offer benefits typically don’t spend as much on them as they do with full-time staff. The most common benefits offered are 401k eligibility and paid vacation. Health and disability insurance are less common.
Should your compensation package for part-time workers include benefits? Maybe. If less than half of your competitors are doing it, then it may or may not make a difference. But some low-cost offerings could be enough to push you over the top.
Do you give benefits to part-timers? If so, what do you offer? Has it helped you recruit? Let us know in the comments section.
Tags: 401K, benefits, health care, part-time, survey, vacation
July 18th, 2008 at 12:42 pm
We offer our part-timers vacation, sick time, holiday pay and 401k eligibility.
July 18th, 2008 at 1:13 pm
We offer our part-time associates (who make up 85% of our workforce) paid vacation (based on # hours worked previous year), group health insurance (but the worker pays 100%), short-term disability, Employee Assistance Program, and 401K. However, we are reviewing the 401K. The numbers of hourlies participating is so few compared to the Salaried that it is causing issues with passing the testing.
July 18th, 2008 at 3:34 pm
We offer our part-time employees who work at least 30 hours a week the exact same benefits as our full time employees. This includes, group health, dental, and vision, life insurance, long-term disability insurance, 401k, pension, and a employee assistance program. All employees contribute a minamal amount towards their health and dental premiums whether they are enrolled in single, emp +1, or family coverage.
July 18th, 2008 at 3:38 pm
Oops. Forgot. We also give our part-timers who work over 30 hours a week paid vacation and paid sick time.
July 21st, 2008 at 12:38 pm
We offer our pt employees paid vacation, sick, personal time and holiday benefits. They are eligible to participate in our 403b plan and profit-sharing plan.
April 17th, 2009 at 12:57 pm
For our parttime staff, we offer paid sick time, vacation time, and medical, dental, vision, life, AD&D, and LTD insurance. For those between 20 and 30 hours per week, the premiums are prorated on all except the life. We pay that. Of course, staff pays for any dependent coverage. We don’t have employer match for 403b (we’re a nonprofit) and we don’t have EAP. And, starting with this insurance year, we have 2 HMO’s and a PPO. If staff enroll in the renewed HMO from last year, there is a higher co-pay and a “buy up” share of the premium – staff pays $39 and company pays $39 per month of that difference. Pro-ration also applies to sick and vacation time. The PPO has also had a “buy up” differential for several years. We do also have IRS 125 plans for medical and child care. The minimum hours per week is 20 for all the above, except the 403b plan, which requires 17.5 hours per week.