Academic journal article Monthly Labor Review

Employee Benefits

Academic journal article Monthly Labor Review

Employee Benefits

Article excerpt

Fringe benefits vary widely by geographic, establishment, and worker characteristics. For example, the number of days of paid vacations workers get each year typically increases the longer workers remain on the job. The vacation benefit also varied by a worker's union or nonunion status. For example, at 1 year of service, union and nonunion workers were eligible for almost the same number of days, whereas, after 25 years of service, union workers enjoyed 6 more paid vacation days than did nonunion workers.

Access to retirement benefits varied by the characteristics of the employer's establishment. Workers in goods-producing industries, for example, are more likely to have access to retirement benefits than are workers in service-providing industries. In addition, workers in medium-sized and large private establishments (those with 100 employees or more) enjoyed a higher rate of access to retirement benefits than did their counterparts in smaller establishments.

Workers in medium-sized to large establishments also had greater access to medical care benefits. Seventy-two percent of employees in establishments with 100 or more workers had access to a medical care plan. In contrast, fewer than half of employees in small establishments had access to such a plan. …

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