Job satisfaction tied to benefits satisfaction, survey finds

EBRI says almost two-thirds of employees who are happy with their benefits have high morale

Apr 27, 2018 @ 11:37 am

By InvestmentNews

The happier employees are with their benefits, the happier and more satisfied they are overall, according to an analysis of survey data by the Employee Benefit Research Institute.

The data, from EBRI's 2017 Health and Workplace Benefits Survey, show that employees are generally satisfied with their current benefits package. Forty-eight percent indicate they are extremely or very satisfied with their benefits; another 36% are somewhat satisfied.

The survey also found that 80% of employees who ranked their benefits satisfaction as extremely or very high also ranked job satisfaction as extremely or very high. Similarly, the nearly two-thirds who ranked benefits satisfaction as extremely or very high ranked their morale as excellent or very good, EBRI said in a release.

"It is important for employers to understand that benefits continue to be valued by employees," said Paul Fronstin, director of the health research and education program at the EBRI.

"Health insurance, retirement plans, dental, vision and life insurance continue to be highly important when making job change decisions," Mr. Fronstin said.

He noted that more than four in 10 respondents said they would forgo a wage increase to receive an increase in their work-life balance benefits, and nearly two in 10 stated a preference for more health benefits and lower wages.

When asked how confident they are that in three years their employer will offer benefits similar to today, only 19% of employees say they are extremely confident, while 20% say they are not too confident or not at all confident in the future of employer benefits.

(More: Growth in health savings accounts may have stalled, EBRI says)

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

InvestmentNews celebrates diversity & inclusion in the financial advice business

Highlights of the Excellence in D&I Awards, showcasing the achievements of 26 individuals and firms that are moving the needle when it comes to diversity and inclusion.

Latest news & opinion

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Invesco to buy OppenheimerFunds

Deal brings Invesco another $246 billion in assets, as well as high-fee actively managed funds.

Dawn Bennett found guilty of $20 million Ponzi scheme

Jury took less than five hours to convict the former financial adviser and radio host.

10 advisory firm employee benefits you won't believe

Some advisory firms stand out for their creative efforts to keep their troops happy and engaged. Spa retreat, anyone?

401(k) record keepers seek new revenue streams to 'save themselves'

Service providers are getting pinched by fee compression.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print