NEW YORK, May 04, 2015 (BUSINESS WIRE) — MetLife’s 13th Annual U.S. Employee Benefit Trends Study, released today, reveals a correlation between the number of benefits offered by employers and the likelihood that an employee would recommend their employer as a great place to work. At companies where employees are offered no benefits, only 46% of employees would recommend their employers as great places to work. This number climbs to 53% at companies where employees are offered between one and five benefits, but at companies where employees are offered 11 or more benefits, this number jumps to 66%, reinforcing employees’ desire for choice. In fact, nearly 40% of employees say having a wide selection of benefits would make them feel more loyal to their employer. These key insights may prove valuable as employers face a shifting macroeconomic landscape in which unemployment rates are the lowest since 2008, but employees feel less secure both about their jobs and their current financial situation. A full report examining these findings is available by visiting BenefitTrends.MetLife.com.
“Throughout the study, the positive impact of the number of benefits an employer offered was clear, likely because the greater number of options provides employees with the opportunity to tailor benefits to their specific needs,” says Todd Katz, executive vice president, Group, Voluntary & Worksite Benefits, at MetLife. “Offering a comprehensive suite of benefits that goes beyond standard benefits, such as medical, dental and vision, to include voluntary benefits like critical illness, accident, auto and home, and legal services, can drive both loyalty and engagement without adding cost for the employer.” Read more here.