Employees need and want incentives beyond their bi-weekly paychecks. A new Morgan Stanley at Work Annual State of the Workplace III Study says that financial benefits drive retention and engagement. This is a result from things like market uncertainty and inflation. The added financial stress is driving employees to get more from workplace financial benefits, which include equity compensation, financial wellness and retirement preparation.

For example, the report shows that 89% of employees agree they would be more invested in staying at their company if it provided financial benefits that met their needs. And, most HR leaders (90%) are worried that their employees would leave if their company did not provide benefits that met employee needs.

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

© 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.