Health Insurance Daily

Offerings, Attitudes On Benefits Vary

Employer offerings, benefit objectives and employee satisfaction with benefits vary greatly by industry, company size, job description, life stage and geographic region, according to a benchmarking report released this week by MetLife.

Worker retention was considered the most important benefits objective by more than half (55%) of employers, with the retail industry particularly placing high value on this objective (62%). An increasing number of small companies (50 employees or less) view work/life balance as the most important tool for retention (40%), compared to only 29% of the largest firms (25,000 or more workers).

Executives, white collar and blue collar workers rated medical coverage as the most important benefit. However, blue collar workers said prescription drug coverage was the second most important benefit to them, while executives and white collar workers ranked vacation second.

BenefitNews 6-7-07

posted by Mike @ 11:15 AM