During the last fiscal year, smaller companies in South Carolina's Charleston region were nearly three times more likely to pay 100 percent of the premiums for their employees' medical coverage than larger companies with 100 or more employees.
Additionally, employers in the region hired close to 3,000 new workers in the past year; pay increases among all companies averaged 3 percent.
These were just a few of the findings of the recent "2015 Charleston Region SC Wage and Benefits Survey" compiled by the Charleston Metro Chamber of Commerce and its Center for Business Research (CBR).
The survey was done in late 2015. Employers in Berkeley, Charleston and Dorchester counties were polled. Survey areas included benefit plans and benchmarks; compensation practices; and workforce challenges.
"The survey provides benchmarks for strategic planning purposes while helping organizations evaluate their compensation plans more effectively," Mary Graham, chief advancement officer for the Charleston Metro Chamber, said. "It shows employers' reactions to current and future economic climates and employment regulations."
Seventy employers of various sizes participated in the survey, which has been done biannually since 1997.
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