The importance of workplace benefits speaks for itself whennearly 75 percent of middle-income employees say they rely on themfor a majority of their financial security. The employers getsomething out of workplace benefits, too: Four out of fiveemployees say that benefits are the decidingfactor in taking a new job or staying with theircurrent company, according to the 2014 Guardian WorkplaceBenefits Study.

Despite the importance benefits can have, the study revealedthat only 25 percent of workers say employer communication is helpful for choosingtheir best benefits options.

“As Americans get ready to sign up for their workplace benefitcoverage this open enrollment season, it’s important to recognizehow benefits contribute to the overall financial well-being of mostworkers,” said Phyllis Falotico, head of group marketing atGuardian. “Workplace benefits are essential to most Americans’financial security and employers have a responsibility to improvetheir employee communications and participation programs to ensuretheir workforce is adequately covered.”

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.