a closer look at your personal benefits statement understanding your net worth at duke total...
TRANSCRIPT
A Closer Look at Your Personal Benefits
Statement
Understanding Your Net Worth at Duke
TOTAL COMPENSATION
Your Personal Benefits Statement
should arrive at your home by early May.
Duke paid out more than $1.86 billion for salaries & wages in 2009.
Pay
Duke conducts annual surveys of the market to ensure its pay ranges are competitive.
Pay
In 2009, salary increases nationally were the lowest in 33 years.*
Average base pay increase for U.S. workers was 1.8% last year.*
Salaries remained flat across higher education**
Data from Hewitt Associates* & CUPA**
Pay
Despite the recession, Duke maintained its investment in benefit programs in 2009.
Benefits
Benefits
In fact, Duke has invested an additional $25 million more this year to maintain its benefits package.
Last year many employers had to reduced or eliminate benefits.
•Reduced time-off benefits
•Suspended retirement contributions
•Reduced health care benefits
Benefits
Health & Wellness
The average cost of health care per employee last year was $6,288 …
most of which was covered by Duke.
The national average for health insurance premiums increased twice as much as Duke Select last year.
Health & Wellness
In 2009, Duke contributed more than $99.1 million to the retirement plans of faculty and staff.
RetirementSavings
Retirement is a three-legged stool made up of:
• Social Security
• Duke’s retirement contribution
• Personal savings
RetirementSavings
RetirementSavings
Duke offers staff $5,250 annually for reimbursement of tuition supporting their professional development.
Other Benefits
Duke employees receive 3 weeks paid parental leave for the birth or adoption of a child.
Other Benefits
Duke gardensNasher Museum
of ArtDuke ChapelTheater and
performing arts11 librariesDuke credit union Prominent
speakers …
Other Benefits
Want to learn more about how to take advantage of your benefits at Duke?
Attend Financial Fitness Week
TOTAL COMPENSATION
• Monday, May 17: 1 p.m. – 5:30 p.m.Durham Regional Hospital
• Tuesday, May 18: 8:45 a.m. – 3 p.m.Duke Raleigh Hospital
• Wednesday, May 19: 9 a.m. – 5 p.m.Searle Center, Duke University Medical Center
• Thursday, May 20: 8 a.m. – 5 p.m.Bryan Center, Duke University
hr.duke.edu/financialfitness