The Benefits That Make a Complete Compensation Package

What Benefits Make for a Complete Compensation Package? Today's top talent demands total when it comes to total compensation, and that includes salary, a rewarding WELCOME! culture that celebrates success, and-you guessed it-top-of-the-line benefits. But what is it employees are really looking for? Employees Feel Incomplete 90% 73% 46% of employees spend of employees admit of employees just less than 30 minutes to not understanding choose the same preparing for and selecting benefits. the changes to their benefits year after year. policies each year. Healthcare and Welfare Benefits A great benefits offering starts with keeping employees healthy. In fact, when talent believe their employer cares about their well-being, they are 38% more engaged. n Health Plans 47% of employees say their company's healthcare program is one of the reasons they stay with the company. Types of Insurance Employees Want PPO 77% HEALTH 68% DENTAL The most popular healthcare plan offered 53% VISION is a preferred provider organization (PPO). Wellness Programs 75% of employers offer fitness programs like gym memberships, weight-loss programs, etc. Life Insurance while only 54% extend that life 83% insurance to dependents. of organizations provide employees with life insurance... Workers' Comp 42% of all companies that provide access to voluntary accident and disability insurance reported declines in workers' comp claims. Financial Futures Benefits are an investment in employees' lives, and that means investing in their futures. 45% of employees say their company's retirement plan is one of the reasons they stay with the company. Retirement Savings Defined contribution (DC) plans are the most common 1. type of plan offered at 89% of organizations. 72% of employees want 401(k) matching. After DC plans, Roth 401(k) savings plans are the most popular, with 41% of organizations offering them. Education Compensation 27% of employees feel that paid training and tuition reimbursement are very important to their overall job satisfaction. Make Employees Cheer 80% of employees believe And 57% say they'd be willing to benefits packages influence their overall engagement. accept a job with lower compensation but a better benefits package. For a total compensation package that's packed, wrapped, and ready for the best talent, be sure to offer the benefits employees want most. Namely Sources http://workforces.aflac.com/download/pdf/overview/open-enrollment-guide.pdf https://www.shrm.org/Research/SurveyFindings/Documents/14-0301%20Beneftis_Report_TEXT_FNL.pdf http://www.towerswatson.com/en-US/Insights/Newsletters/Americas/insider/2014/attracting-and-keeping-employees-strategic-value-of-employee-benefits http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=1%2f9%2f2015&siteid=cbpr&sc_cmp1=cb_pr862_&id=pr862&ed=12%2f31%2f2015 http://www.prnewswire.com/news-releases/expedias-2014-vacation-deprivation-study-americans-and-asian-workers-lag-well-behind-europeans-in-vacationing-281743231.html http://www.shrm.org/Research/SurveyFindings/Documents/14-0301%20Benefits_Report_TEXT_FNL.pdf https://benefittrends.metlife.com/assets/downloads/benefits-breakthrough-summaries-2014.pdf http://www.quantumworkplace.com/wp-content/uploads/2015/02/Resources-Whitepapers-Health-and-Well-Being.pdf http://www.shrm.org/Research/SurveyFindings/Documents/14-0028%20JobSatEngage_Report_FULL_FNL.pdf http://meps.ahrq.gov/mepsweb/ http://www.aflac.com/aboutaflac/pressroom/pressreleasestory.aspx?rid=636