Verisight and McGladrey Compensation, Retirement and Benefits Survey

Benefits Costs Outweigh Economic Conditions as the Leading Factor Impacting Compensation Decisions

Download the Executive Summary

The 2011/2012 Verisight and McGladrey Compensation, Retirement and Benefits Trends Executive Summary highlights key strategic and tactical approaches organizations are taking to improve productivity, financial performance and respond to upcoming regulations. The result is a comprehensive view that is rarely available from a single source. Key findings include:

• Fifty-two percent of organizations have challenges retaining key employees and 43% struggle attracting necessary talent.
• While 99% of firms surveyed have a defined contribution plan of some type in service, most organizations (61%) do not feel prepared to address new retirement plan fee disclosures.
• Sixty-five percent of middle market executives indicate benefits costs are the leading factor impacting total compensation decisions. Only 4% indicate the economy and financial performance is the leading factor.
• Fifty-nine percent of plan sponsors consider the cost of investments and the level and quality of service the most important criteria when evaluating a retirement plan offering.