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Click to edit Master title style. Click to edit Master subtitle style. 2004 OPM Benefits Survey Results. HUMAN CAPITAL PROFESSIONAL DEVELOPMENT SERIES. Click to edit Master title style. ACCOUNTABILITY III WORKSHOP: HUMAN CAPITAL EVALUATION . Click to edit Master subtitle style.

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  1. Click to edit Master title style Click to edit Master subtitle style 2004 OPM Benefits Survey Results HUMAN CAPITAL PROFESSIONAL DEVELOPMENT SERIES Click to edit Master title style ACCOUNTABILITY III WORKSHOP: HUMAN CAPITAL EVALUATION Click to edit Master subtitle style United States Office of Personnel Management United States Office of Personnel Management 6/2/2014 6/2/2014 1 1

  2. Working for America “This Administration is dedicated to ensuring that the resources entrusted to the Federal government are well managed and wisely used.  We owe that to the American people.” President George W. Bush

  3. 2004 Benefits Survey - Purpose • OPM is the Executive Branch agency with primary responsibility for the Federal Government’s human capital management policy and structure. • As part of its mission, OPM administers employee benefits programs for Federal agencies. • The purpose of the Benefits Survey is to determine employee attitudes about the importance, adequacy, value and competitiveness of the benefits programs. • Two survey instruments were used • New employees (employed less than three years) • Current employees (employed more than three years)

  4. Survey Instrument The survey focused on ten benefits programs: • Employee health benefits • Retirement annuity • Thrift Savings Plan • Retiree health benefits • Life insurance • Long term care insurance • Flexible Spending Accounts • Telework • Child care subsidy • Health and wellness programs

  5. Survey Sampling • Final sample: 2,416 Federal employees • 1,172 new hires (with less than 3 years of Federal service) • 1,244 current employees (with 3 or more years of Federal service) • Goal of 2,400 sampled employees was met

  6. Survey Administration • Six-week administration period ending January 8, 2005 • 100% Web-based administration • 508-compliant Web versions made available • Response Rate (based on valid e-mail addresses) • 856 valid responses out of 2,416 sampled (35%) • 366 new hires out of 1,172 sampled (31%) • 490 current employees out of 1,244 sampled (39%) • Overall margin of error: +/- 3% • New hires: +/- 4% • Current employees: +/- 3%

  7. Survey Sample Federal Civilian Population (CPDF) Demographic Representation Age Gender and Length of Service

  8. 100% 2% 4% 5% 5% 10% 7% 13% 7% 6% 8% 90% `23% 23% 37% 20% 80% 24% 51% 70% 24% 32% 60% 23% 50% 91% 89% 89% 87% 40% 17% 71% 63% 30% 53% 45% 40% 20% 31% 10% 0% 2 3 Thrift 1 Emp. 4 Retiree 5 Life 6 Long- 10 Health 7 Flex. 8 Telework 9 Child Retirement Savings Health Ben. Health Ben. Insurance Term Care and Well. Spend. Care Annuity Plan Ins. Prog. Acct. Subsidy Somewhat Important Not Important Very Important or Important Please Indicate the Extent to Which Each of the Currently Available Benefits is Important to You to Remain in or Accept Federal Employment. (All Employees) Items: 1-10

  9. Slight Extent Not Adequate Don’t Know Not Available in Agency Great or Moderate Extent 100% 4% 6% 8% 13% 4% 16% 1% 90% 22% 24% 7% 9% 6% 32% 34% 38% 80% 5% 45% 18% 9% 70% 12% 3% 60% 11% 7% 22% 65% 31% 50% 3% 17% 84% 82% 40% 17% 7% 64% 61% 30% 54% 11% 45% 20% 39% 4% 30% 7% 10% 18% 9% 0% 26 Emp. 28 Thrift 30 Life 27 29 Retiree 35 Health 31 Long- 32 Flex. 33 34 Child Health Savings Insurance Retirement Health and Well. Term Care Spend. Telework Care Ben. Plan Annuity Ben. Prog. Ins. Acct. Subsidy Please Indicate the Extent to Which Each of the Currently Available Benefits Meet Your and Your Family’s Needs.(All Employees) Items: 26-35

  10. Fair Value Don’t Know Least Value Excellent or Good Value Considering the Amount You Have to Pay, How Would You Rate the Value of Each of the Currently Available Benefits? (All Employees) Items: 36-41

  11. Slightly Competitive Don’t Know Not as Competitive Very or Moderately Competitive How Competitive is Each of the Currently Available Benefits in Comparison to Benefits Offered to Other (non-Federal) Employees Whose Work is Similar to Yours? (All Employees) Items: 42-51 If not available in your agency mark “Not as Competitive.”

  12. New Employees Current Employees (Solid) Importance of Benefits to Remain in or Accept Federal Employment: Current Employees/New Hires

  13. New Employees Current Employees (Solid) Extent to which Benefits Meet Employee/Family Needs: Current/New Hires

  14. New Employees Current Employees (Solid) Perceived Value of Benefits for the Money:Current/New Hires

  15. New Employees Current Employees (Solid) Perceived Competitiveness of Benefits Compared to Non-Federal Employee Benefits:Current/New Hires (Continued)

  16. Contact Information For more information, visit us on the web at www.OPM.gov

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