CHICAGO – The Property Casualty Insurers Association of America (PCI) and Ward Group, a consulting firm specializing in the insurance industry and the leading provider of benchmarking practices, are conducting a joint study through March 23, 2012 to benchmark human resources practices and employee benefits among property casualty insurance companies.
This in-depth study, which is open solely to the property casualty insurance industry, will provide insight into current human resources practices along with future trends in employee benefits design. The findings of the study will be presented at the PCI Human Resources Conference, held April 15-18, 2012, in Clearwater, Fla.
“The PCI/Ward Group study is a tremendous resource for our industry because it is the only human resources practices and benefits study that is developed specifically for property casualty insurers,” said Elysa Robin, director, human resources of PCI. “Study participants will receive comprehensive and valuable information to help confront the increasing challenges of managing employee benefits and the HR function. Additionally, participating companies will be able to benchmark their practices directly to others in the industry and will receive a customized report once the study is completed.”
The study will provide data on staffing conditions and total employee compensation within the property casualty insurance industry including:
This in-depth study, which is open solely to the property casualty insurance industry, will provide insight into current human resources practices along with future trends in employee benefits design. The findings of the study will be presented at the PCI Human Resources Conference, held April 15-18, 2012, in Clearwater, Fla.
“The PCI/Ward Group study is a tremendous resource for our industry because it is the only human resources practices and benefits study that is developed specifically for property casualty insurers,” said Elysa Robin, director, human resources of PCI. “Study participants will receive comprehensive and valuable information to help confront the increasing challenges of managing employee benefits and the HR function. Additionally, participating companies will be able to benchmark their practices directly to others in the industry and will receive a customized report once the study is completed.”
The study will provide data on staffing conditions and total employee compensation within the property casualty insurance industry including:
- Employee benefits
- Base salary
- Incentive compensation for executives, middle management and staff
- Non-monetary benefit offerings
- Staffing needs and expenses related to the Human Resources function
- Employee benefit plan design and redesign trends
- Health insurance programs
- Retirement plans
- Year-to-year trends
Similar studies to the PCI/Ward: HR Practices and Employee Benefits Study cost $5,000 and supply only one-third of the information. However, the PCI/Ward study costs only $850 for non PCI members or non Ward clients to participate and receive results. Only companies that participate in this unique study, which focuses solely on property casualty insurers, will receive customized data.
“Insurers will find that it is easy to participate in the study,” said Jeff Rieder, president of Ward Group. “A key benefit of the study is that it organizes company data by size and metro or non-metro location to give participants valuable information they can use for their specific needs.”
To participate in the study or for additional information:
Visit: http://www.pciaa.net/web/sitehome.nsf/lcpublic/640/$file/12_PCI-Ward_Study.pdf or contact Swapna Thomas at 847-553-3703, e-mail: pci.surveys@pciaa.net before March 23, 2012.
About PCI:
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $180 billion in annual premium, 38.3 percent of the nation’s property casualty insurance. Member companies write 44.3 percent of the U.S. automobile insurance market, 31.6 percent of the homeowners market, 36.3 percent of the commercial property and liability market, and 42.6 percent of the private workers compensation market.
