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

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)

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.