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Benefits Attract Employees

More than three-quarters of U.S. employees say that the benefits package an employer offers prospective employees is extremely (33%) or very (45%) important in their decision to accept or reject a job, says the ‘2013 Health and Voluntary Workplace Benefits Survey (WBS)’ by the Employee Benefit Research Institute (EBRI) and Greenwald and Associates. Nevertheless, 31% are only somewhat satisfied with the benefits offered by their current employer and 26% are not satisfied. Workers identify lower cost (compared with purchasing benefits on their own) and choice as strong advantages of voluntary benefits. However, they are split with respect to their comfort in having their employer choose their benefits provider and think the possibility that they may have to pay the full cost of any voluntary benefits is a disadvantage. Workers continue to rank health insurance as the first or second most important benefit provided by employers.

Courtesy of Benefits and Pensions Monitor website News Alerts

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