Organizations are shifting their benefits priorities as a competitive marketplace and low unemployment make it more challenging to attract and retain top talent.
A new study by TransUnion, an American consumer credit reporting agency, found that the price of benefits is dropping in importance for employers. In the previous three years, price per employee was the top benefit consideration for employers, however this year it dropped by 22%, landing in third place.
Dennis Connor, Vice President of Voluntary Benefits at Tompkins Insurance Agencies, said that the findings are a wake-up call and "an indicator of the immense pressure employers feel to win talent through relevancy. Benefits are only compelling when they are compatible with an employee's personal goals."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
