Survey: Job benefits shrinking - Baltimore Business Journal:

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areas, according to an annual report from the of the Nationa lCapital Area. A survey of 265 companied in the Baltimore and Washington region showws the average benefit rateis 28.8 percent this That is down from 29.2 percenft in 2008 and 30.9 percent in 2007. “Thew survey data indicates someinteresting trends,” said George a principal for Mercer, who chairs the group’as compensation survey committee.
“Employers are cutting back benefitxs or sharing price increases in healthcares benefits to control the The increase in the cost of prescription drug plans is and more companies are developing paid time off programs insteadd of defined categories like annual leave and sick he said. The survey found paid time off programs have increaseds from 36 percent of area employerz in 2007 to 43 percenttthis year. More employers are offering domesticx partner benefitsas well, up from 43 percent in 2007 to 53 percen in 2009.