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Entries in Employee Compensation and Benefits Report (6)

Wednesday
May032017

Employee Benefits: How Does Your Health Club Compare to the Competition?

Could you use some guidance when it comes to compensating your health club’s employees? If so, you’re not alone. The IHRSA Health Club Employee Compensation & Benefits Report, published in March 2017, can help you compare your club to the competition in terms of hourly pay, annual salaries, and employee benefits. 

The report is based on survey data provided by leading IHRSA member health clubs in the U.S. and Canada, and provides compensation information for senior management/corporate staff, salaried club-level employees, and hourly club-level employees. Salary information for select job titles is provided by geographical region, company type, and size in number of units and total annual sales. The report also provides a brief macroeconomic outlook on compensation and unemployment. 

Continue reading "Employee Benefits: How Does Your Health Club Compare to the Competition?"

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Wednesday
Mar222017

Key Findings from the IHRSA 2017 Health Club Employee Compensation & Benefits Report

Two-thirds of North American health clubs offer employees a retirement plan, according to the IHRSA 2017 Health Club Employee Compensation & Benefits Report, which details compensation data for nearly 60 job titles. The report, released Tuesday, provides salary and compensation results based on data from more than 200 North American facilities.

“Payroll is one of the largest expenses among health clubs, as hiring and investing in staff plays a critical role in serving and retaining members,” said Jay Ablondi, IHRSA’s executive vice president of global products. “IHRSA has regularly conducted employee compensation research for more than 15 years to help club operators analyze and gauge their compensation practices against other club businesses.”

Continue reading "Key Findings from the IHRSA 2017 Health Club Employee Compensation & Benefits Report."

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Monday
Jun132016

9 Health Club Employee Benefits Trends 

This feature is brought to you by the IHRSA Store spring sale. Now through June 30, save 25% on reports, webinars, and all other resources in the IHRSA Store by using promo code 2016SALE at checkout. 

The 2015 IHRSA Employee Compensation & Benefits Report contains the most complete, accurate, and up-to-date compensation data in the club industry.

The report is designed to allow a company to easily compare its compensation levels for approximately 50 common job titles in the industry. These job titles include positions in senior management, salaried club-level employees, and hourly club-level employees.

In addition to compensation information, responding companies provided data on employee benefits offered, health insurance practices, retirement plans, vacation, and sick leave. 

The latest report identified nine employee benefits trends for health clubs.  

  1. Most responding companies provide medical insurance to their salaried employees (98%) and hourly employees (71%). On average, companies pay 71% of the premium for salaried club-level employees and 63% of the premium for hourly club-level employees.
  2. Approximately 46% also provide medical insurance to dependents. On average, companies pay for 29% of the family coverage premium for salaried club-level employees and 26% of the family coverage premium for hourly club-level employees.
  3. Of those providing health insurance, the most popular types are PPO (26%), HMO (26%), and high deductible/HSA plans (23%).
  4. On average, responding companies experienced a 4.9% increase in health care premiums from 2013 to 2014.
  5. Nearly 80% of the responding companies offer a retirement plan to employees. Of those companies, a 401(k) plan is 
clearly the most popular type of plan (86% offer one).
  6. Nearly two-thirds of the respondents match employee contributions to the 401(k) plan.
  7. The average number of paid leave days offered to salaried employees ranges from ten for employees with less than one year on the job to 24 days for salaried employees with over ten years tenure.
  8. The average number of paid leave days offered to hourly employees ranges from seven for employees with less than one year on the job to 19 for hourly employees with over ten years tenure.
  9. One-third of the responding companies allow unused vacation to carry over to the next year. Fewer (17%) allow employees to receive compensation for unused sick days. 

This post was excerpted from The 2015 IHRSA Employee Compensation & Benefits Report.

Tuesday
Oct072014

Deadline for Compensation and Benefits Survey now Oct. 24

The deadline for participating in the 2014 Employee Compensation & Benefits Report survey has been extended until Oct. 24, 2014. 

This biennial study gathers compensation and benefits practices among leading North American health clubs, including base salary and wage data, benefits such as health insurance, retirement plans and vacation for nearly 60 job titles. The survey also gathers educational and certification requirements for corporate and club-level positions. The information gathered is then compiled, analyzed and presented in the2014 Employee Compensation & Benefits Report.

The survey is easy to complete and participating IHRSA members will receive a complimentary copy of the 2014 Employee Compensation & Benefits Report for filling out the survey (retail cost is $199.95).

Go to the IHRSA Research Portal to participate in the survey. Visit ihrsa.org/compensation-report to learn more about the 2014 Employee Compensation & Benefits Report.

Friday
May302014

Compensation & Benefits report is a great tool to pick up during IHRSA Store sale

The 2013 IHRSA Employee Compensation & Benefits Report, published in February 2013, is based on survey data provided by leading IHRSA member health clubs in the U.S. and Canada.

The report provides compensation information for senior management/corporate staff, salaried club-level employees, and hourly club-level employees. Salary information for select job titles is provided by geographical region, company type, and size in number of units and total annual sales. The report also provides a brief macroeconomic outlook on compensation and unemployment. This is the full report. Also available in 3 value-priced parts.

Now is the perfect time to pick up the 2013 IHRSA Employee Compensation & Benefits Report, during the IHRSA Store Spring Sale, which runs through June 30, 2014. Enter the promo code SPRING2014FS at checkout and save 15% when you spend $50. You will also receive free shipping to the continental United States. Visit ihrsastore.com to search for many more items available.

Wednesday
Sep182013

Still time to save on Compensation & Benefits Report

Are you paying your employees enough? Stop wondering and find out.

The 2013 IHRSA Employee Compensation & Benefits Report, published in February 2013, provides compensation information for senior management/corporate staff, salaried club-level employees, and hourly club-level employees. Salary information for select job titles is provided by geographical region, company type, and size in number of units and total annual sales.

Through the end of the year you can save $50 on this invaluable report. Just enter the promo code 2013ECS at checkout. Code expires 12/31/13 and is not valid on previous purchases.