Most employees try to keep their personal and professional lives separate. But when it comes to legal matters, separation turns out to be much easier said than done.
“The Impact of Legal Matters on Today’s Work Force,” a study from Hyatt Legal Plans, a MetLife company, found that people grappling with ordinary personal legal matters—such as will preparation, traffic tickets, real estate matters, debt problems or family situations like adoption and divorce—bring these issues to the office with them each and every day. And business productivity is being negatively impacted because of it.
Anxiety, however, is not the only factor hindering productivity; time is also a factor. Employees who hired attorneys on their own spent an average of six weeks handling their legal issues, according to the Hyatt Legal Plans survey. In contrast, those enrolled in group plans resolved their issues in just over four weeks.
Voluntary Benefits Improving Loyalty
Not surprisingly, employees’ financial challenges have increased the value they place on their benefits. According to a different study, MetLife’s 9th Annual Employee Benefits Trends Study, 41 percent of U.S. workers said that based on the events of the past 12 months they place an even greater value on the benefits they receive from their employer and 61 percent found voluntary benefits a valuable way to meet their personal needs. Clients may be surprised to learn that more than half (52 percent) of employees are interested in seeing a wider array of voluntary benefit options from their employer. They appear willing to pay more to get more.