Smart Employee’s Benefit Package is Important to Remain Competitive & Attractive.

Small businesses and many major companies across America still consider it important to have an attractive employee benefit program to attract top candidates and keep current top producers in their firms. More than one-third of all employees are prepared to bolt their current employer absent an improvement in their benefits package. So notes new research from Aflac, which published this finding in its 2012 Aflac Workforces Report. The company conducted the survey in partnership with the national polling firm Research Now.

When research participants were asked how influential a benefits package is in the decision to leave a current employer, 34 percent of the report’s respondents say “very influential” or “extremely influential.” And when asked what their current employer could do to keep them at their job, 49 percent say “improve my benefits package.” The report reveals that nearly half (49 percent) of workers are at least somewhat likely to look for a new job in the next 12 months. And more than a quarter (27 percent) are very or extremely likely.

The report also reveals a correlation between satisfaction with benefits and job satisfaction generally. Nearly three-quarters of workers (73 percent) who indicate they are extremely or very satisfied with their benefits package also say they are extremely or very satisfied with the job. This compares with 33 percent of workers who are dissatisfied with their benefits and are extremely or very satisfied with their job. The report notes that workers who are offered wellness programs and take part in the programs are significantly more likely to be satisfied with the job, feel positively towards their employer and consider their well-being better protected, compared to workers who aren’t offered wellness programs.

Among employees whose employers offer voluntary benefits options, 55 percent say they are satisfied with benefits offerings; 60 percent say the benefits package meets their family needs, 67 percent say their employer takes care of its employees, 61 percent says they are taking full advantage of their benefits offerings and 70 percent say that a comprehensive benefits package safeguards their health and wellness.

By comparison, among employees whose employer does not offer voluntary benefits options, the people who answered as above represented 41 percent, 45 percent, 59 percent, 46 percent and 59 percent of respondents, respectively. What this is telling us, is that employees are now more than ever better encouraged to stay loyal to a company that has an attractive benefit package versus those who do not offer smart benefits that employees look for in a company. With the assistance of professional like us at SIMAFinancials you can take advantage of tax rebates, and other incentives to assist you in containing the costs of your employee benefit programs. Call us for a FREE consultation and start saving today!

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