Employees are the heart of any business no matter the size, and a productive and loyal workforce will position a business for success. This is good news, especially for mid-sized companies (100-4,999), who are looking to expand. In fact, according to MetLife’s 13^th annual U.S. Employee Benefits Trends Study, fully half of medium-sized employers say that their primary focus for the next 12 months is growth. A key factor in helping these businesses achieve their goals will be their ability to attract and retain top talent, so it’s only natural that employers look for ways to help their employees. Making benefit options available through private exchanges can help mid-sized employers offer the benefits their employees desire without adding administrative burden.

Leveraging the power of benefits

Mid-sized employers recognize the key role their employees play in their success. As they look to grow, six in 10 mid-sized companies report that they are extremely concerned with both retaining and hiring for the skills and talent their company needs, according to the MetLife. This concern is not unfounded — the study also found that just half of employees at medium-sized companies say they are satisfied with the job they have now. Luckily, employers have a powerful tool at their disposal that can help them address these concerns: their benefits program.