Employers may want to develop an approach to benefits programs that aligns and grows with improving economic expectations. (Photo: Shutterstock)
2020 was the year of "Benefit Reduction." If you want 2021 to be the year of employee satisfaction and talent retention, you might want to re-think reducing benefits for your workers. Based on a recent national study conducted by Broadridge Financial Solutions, a whopping 72% of working Americans said that after salary, financial wellness benefits are the most important factor in deciding to accept a job. Further, two-thirds of working Americans would look for another job if their employer took away any of the financial wellness benefits that are important to them. This decision to look for other work is not a purely monetary decision, but one that is driven by perceived value by their respective companies.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
