Fall 2014

Infographic of Results from Sibson's Latest College & University Benefits Study

Abstract

Leaders of universities and colleges are extremely interested in how the benefits they provide compare to the offerings of their peers. Sibson Consulting has an extensive database of benefits offered by more than 600 higher education institutions, including differences among the benefits offered to faculty, administrative and clerical staff. Sibson draws on that database for its College & University Benefits Study (CUBS).

An infographic of selected results from Sibson’s latest CUBS presents the study findings on the following benefits:

  • The most prevalent type of medical coverage offered,
  • The cost increase for preferred provider organizations (PPOs)/point-of-service (POS) plans between 2013 and 2014,
  • Institutions’ contribution to defined contribution (DC) retirement plans as a percent of compensation,
  • DC plan vesting,
  • Most prevalent wellness program initiatives offered,
  • Non-traditional benefits offered, and
  • Where employees’ children can use tuition reimbursement.