Charleston Metro Chamber of Commerce has released its survey results on the benefits and compensation practices among employers in the three-county Charleston Metro Area. The study concluded that companies are trying to stay competitive by offering better compensation and benefits packages.
Research shows that almost 60 percent to 70 percent of employers attract talents and retain employees by offering various perks, such as health and wellness initiatives that include having standing desks at the workplace, more paid time off, and shorter insurance coverage waiting periods.
The largest portion of the survey respondents came from the manufacturing sector. This industry segment is also expected to generate nearly 6,000 jobs to be added by 2022, as it is currently the sector that has the fastest rate of job growth in the region. It has outpaced other sectors in terms of making progress in creating enhanced benefits packages.
The study aimed to help current businesses assess their compensation plans, help employers in designing a benchmark to use for planning, and distribute up-to-date relevant data and information to potential companies looking to conduct business in the Charleston area.
The survey was fielded in the spring of 2019 and opened to all types of business establishments, 51 companies representing almost 10 percent of the area’s workforce in Berkeley, Charleston and Dorchester Counties.