News

Contraceptive Coverage In, On-Site Child Care Out: Trends in Workplace Benefits

Contraceptive Coverage In, On-Site Child Care Out: Trends in Workplace Benefits
Photo courtesy of areeya_ann/iStock.

While companies eye the bottom line when it comes to employee benefits, more are watching waistlines, too: 34 percent of employers now do staff fitness competitions, and 13 percent hand out free fitness bands, all to keep workers healthier and insurance costs down. “For every dollar a company invests in wellness, they get about $3.46 in return,” says Bruce Elliott, manager of compensation and benefits at the Society for Human Resource Management.

RELATED: The best places to work in Washington—and they’re hiring.

Other perks, such as mental-health coverage, are on the upswing due to the Affordable Care Act, still others because they reduce costs (an annual retirement-plan match is paid out only if employees stay the full year; unlimited time off means no vacation liability on the books of a start-up). Here are a handful of benefits trending up or down, based on a 2015 SHRM study:

On the Rise On the Wane
Fitness challenges Unhealthy snacks
Mental-health coverage Nap rooms
Health savings accounts Flexible-spending accounts
Spot bonuses Employee stock-purchase plan
Annual 401(k) match Per-payroll matching
Take-your-pet-to-work day Take-your-child-to-work day
Pet insurance Subsidized eldercare
Unlimited paid time off Vacation cash-out
Casual dress Dry-cleaning services
Volunteer programs Mentoring programs
Telecommuting Company-owned cars
Phased retirement Pension plans
On-site vegetable gardens On-site subsidized cafeterias
Standing desks Alternative-medicine Coverage
Contraceptive coverage On-site child care

This article appears in our November 2015 issue of Washingtonian.

Get Our Weekend Newsletter

The best DC news, delivered straight to your inbox.
Or, see all of our newsletters. By signing up, you agree to our terms.