Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Open sign in store window Employers may want to develop an approach to benefits programs that aligns and grows with improving economic expectations. (Photo: Shutterstock)

2020 was the year of “Benefit Reduction.” If you want 2021 to be the year of employee satisfaction and talent retention, you might want to re-think reducing benefits for your workers. Based on a recent national study conducted by Broadridge Financial Solutions, a whopping 72% of working Americans said that after salary, financial wellness benefits are the most important factor in deciding to accept a job. Further, two-thirds of working Americans would look for another job if their employer took away any of the financial wellness benefits that are important to them. This decision to look for other work is not a purely monetary decision, but one that is driven by perceived value by their respective companies.

Related: 5 benefits and health care trends that may surprise you in 2021

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.