Apr 22
Employers Underestimate Role of Benefits in Employee Loyalty
According to MetLife’s Sixth Annual Employee Benefits Trends Study more than half of working Americans (52%) are now obtaining the majority of their financial and retirement products through the workplace – up from 46% a year ago. Growing financial concerns among employees are creating a greater interest in advice and guidance at the workplace – 44% of employees would like access to general financial planning advice at work, up from 30% last year. Nearly half (49%) of all employees also want their employers to provide retirement advice.
Also among the study’s key findings:
Benefits, Loyalty, & Retention – Employers underestimate how important benefits are to employee loyalty; benefits are increasingly important factors in employees’ decisions to remain with their employer.
Growing Focus on Retirement and Aging Workforce issues – Employer focus and spending on retiree benefits is expected to increase; employees have strong interest in retirement benefits.
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