Healthcare benefits play a big part in employee satisfaction and retention, though many organizations do not see the importance, according to a recent survey conducted by insurance company MetLife.
More than three-quarters of employees who say they have good healthcare benefits also report high job satisfaction, and 71 percent of those workers are loyal to their employers. Conversely, only about one-fourth of staff members who are dissatisfied with their benefits are happy and loyal to their organization.
Additionally, retirement benefits are highly important to 64 percent of the surveyed employees, while only 38 percent of companies reported that they believe such extras contribute to loyalty and satisfaction.
“Employers need to look at their benefits offerings differently – through a new holistic lens – in order to maximize their effectiveness as a retention tool for their unique workforce while meeting other business objectives,” said Dr. Ronald S. Leopold, vice president of U.S. Business at MetLife.
Results of the survey point to a need for employers to review employee health benefits
in order to retain staff members, improve employee performance
and reduce workplace stress