Although Priority One reports wage information on specific industries and occupations through the laborshed report, the increasing demand for benefits instigated the need for a fringe benefit profile. With its economic development partner, the Iowa City Area Development Group, and support of Iowa Workforce Development, Priority One created a random sample of local employers across all industrial classification and employment ranges to provide information on the benefit packages offered by businesses in the Corridor.
The information gathered provides a detailed analysis of employer-provided benefits. Highlights from the report include:
- 89.2% of Corridor employers offer a fringe benefit package in addition to wage compensation.
- 85.3% of Corridor employers offer health/medical insurance in their total compensation packages.
- 83.0% offer a retirement/pension plan to full-time employees.