The Apex Benefits 2019 Indiana Employee Benefits Benchmarking Report provides a rare, in-depth look at local trends in employer-sponsored health coverage. The survey is designed to provide valuable benchmarking data that Indiana employers can use to design an attractive and cost-effective benefits programs that promote employee recruitment and retention.
“Through this survey and our experience serving employers, we increasingly see that the cost of benefits in Indiana just isn’t comparable to any other state,” says Amber Chittenden, vice president of Client Engagement. “In fact, when you compare Indiana’s medical benefits cost trends to national data, the differences can be staggering.”
Corporate executives and human resource professionals from 320 Central Indiana employers participated in the survey. They submitted data on medical and pharmacy premiums, deductibles and copays, as well as wellness programs, paid time off policies and other benefits designed to recruit and retain employees.
“This report provides insights that just can’t be found anywhere else,” says Apex CEO John Gause. “While looking at national trends is important, Indiana-specific benchmarking is the only way employers can realistically compare their benefit plans to the Indiana companies with whom they’re competing for top talent.”
In response to increasing questions from clients about the prevalence of paid parental leave policies, Apex added several questions regarding the topic to this third annual survey.
“Organizations that have reputations as being ‘family-friendly’ can realize a competitive edge with attracting top talent and increasing employee productivity and satisfaction,” Chittenden says.
Survey results found that Indiana continues to lag behind the rest of the U.S. Just 30% of Indiana employers offer paid parental leave, compared to 52% nationally. Indiana birth mothers, who are employed full time, most commonly are eligible to receive up to 12 weeks of paid leave. Full-time birth fathers are most commonly eligible for up to two weeks of paid leave.
Survey results will be revealed during a presentation by Apex Benefits on July 16 at the Indianapolis Motor Speedway Media Center from 8 a.m. to 10:30 a.m. A panel discussion on benefits and human resource best practices will follow with Keisha Underwood, SVP of Human Resources at Herman and Kittle Properties; Brittney Turner, Chief Financial Officer of F.A. Wilhelm Construction; Jim S. Gandolfo, SVP, Treasury Manager and Relationship Manager for PNC.
Central Indiana employers are invited to register at apexbg.com/benchmark2019. Those in attendance will receive a copy of the complete report.