Employee Benefits

Washington firms are less likely to provide every kind of benefit now than in 2002, when the Employment Security Department began collecting data. The proportion of firms providing health insurance for full-time workers dropped from 76% in 2002 to 55% in 2013, and fewer firms are providing retirement and paid leave benefits. In 2012, a number of Washington firms began offering undesignated leave benefits (such as Paid Time Off or “PTO” banks), rather than vacation and sick leave benefits. However, that seems to have been reversed in 2013. More firms are offering paid sick leave, in part due to the Seattle Paid Sick and Safe Leave ordinance that went into effect in September 2012.

Part-time workers – the majority of whom are women – are far less likely to receive every type of employer-sponsored benefit. In 2013, only 16% of businesses provided retirement benefits and 32% provided paid holidays for part-time employees. Just 12% offered health benefits to part-timers.

Source: Washington State Employment Security Department
Updated 10/29/2014

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Posted in State Economy