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| The Benefits of Working In Oregon | |||
| 03/06/2006 | |||
Almost three-quarters of Oregon companies offer vacation leave to their full-time workers, two-thirds offer holiday pay to those workers, and about 60 percent offer health insurance for their employees – a study by the Oregon Employment Department shows. “The Employee Benefits in Oregon 2005” study surveyed nearly 7,000 firms in Oregon across all geographic, size, and industry types. The survey also found that workers employed in the Portland Metropolitan area were more likely to get benefits than in other regions of the state. The survey questioned employers about vacation, sick leave, health coverage, and retirement benefits to full- and part-time employees. Overall, a worker who is employed full time in industries such as Financial Activities, Wholesale Trade, and Professional Services are more likely to receive benefits. Workers are less likely to receive benefits in industries such as Leisure and Hospitality, Construction, and Natural Resources and Mining. The survey also showed that the larger the firm, the more likely benefits would be offered. For example, survey results suggest all firms in Oregon larger than 500 offer employee health insurance, while only 52 percent of companies with between two and nine employees offered similar coverage. Among the specific findings: Vacation – Almost three-quarters of Oregon’s private-sector firms with full-time employees offer paid vacation leave. About two-thirds offer paid holidays. Portland and Willamette Valley firms slightly edge out other regions of the state in offering benefits such as vacation and holiday pay. Healthcare Coverage – Oregon employers and employees combined spent an average of $350 per month on health insurance plans. About two-thirds of Oregon’s employers have changed their health insurance plans in the past year due primarily to increasing health care costs. Interestingly, although four of five full-time and one in five part-time workers are offered health insurance, only about three-quarters of those offered the benefit sign up for it. Retirement – More than four in ten firms in Oregon offer a retirement plan to full-time workers. Retirement plans vary widely depending on industry. Healthcare, Information, Professional Services, and Wholesale Trade were the industries most likely to offer retirement benefits. Defined contribution plans, such as 401(k) savings plans, were substantially more common than defined benefit plans, such as pensions. A full version of the study can be found at http://www.QualityInfo.org. |
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| http://www.qualityinfo.org/olmisj/PubReader?itemid=00004799 | |||
