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The #1 benefit that could entice employees to leave: What employers can do about it

Employers should consider re-examining their financial wellness offerings because access to a 401(k) and a 401(k) matching program are the most important benefits to employees, says a survey.

By Harlyn Croland | September 15, 2023 at 10:39 AM
(Image: Shutterstock)

In today’s financially uncertain times, the grass may indeed be greener on the other side with a new employer’s financial benefits package. A survey we conducted showed that more than half of employees (54%) would be willing to change jobs if their prospective employer offered better benefits than their current employer, spelling out a clear message to employers.

Employees are feeling the pressure of navigating higher costs for everyday items like groceries and rent. These economic pressures are impacting not only individuals’ wallets, but also their mental health. Over two-thirds (71%) say their finances cause them anxiety and 88% agree that inflation and rising costs of living have escalated their financial anxiety.

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