Employers are much more focused on worker needs than cost cutting when it comes to offering voluntary benefits.
According to a Prudential research brief released Monday, 75 percent of employers say their top reason for offering voluntary benefits is to expand the benefits options available to their employees, with 42 percent offering voluntary benefits to fulfill an employee need, and 30 percent offering them at their employees' request.
The brief, "Gauging the Success of Voluntary Benefits" is the second in a series stemming from Prudential's "Sixth Annual Study of Employee Benefits: Today & Beyond."
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