closeup of two people holding hand of LGBT women holding hands with rainbow ribbon symbol (Photo: Shutterstock)

Employers looking to tailor their benefits for their LBTQ+ workers need look no further than the Employee Benefits Research Institute’s new report. With data pulled from the 2022 Workplace Wellness Survey, the report suggests that LGBTQ+ workers are less likely to be satisfied with their benefits packages than non-LGBTQ+ employees, and were also less satisfied with their paid leave and job overall. The reason for the difference? It may have something to do with demographics, as LGBTQ+ employees are more likely to be under-35 than non-LGBTQ+ workers and so likely have different needs.

“Life-stage and living situation can influence the value placed on employee benefits overall, and on specific benefits,” says Lisa Greenwald, CEO of Greenwald Research, in a press release. “Many employers and solutions providers are recognizing that one-size fits all benefits programs may not be as effective as more targeted approaches that address employees’ needs at a given point in time. The WWS data suggests that LGBTQ employees may value more benefits that help with shorter and mid-term financial goals, more so than retirement savings.” 

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