Voluntary benefits allow you to connect your employees with important benefits while controlling costs for your company.
MetLife’s 9th Annual Study of Employee Benefits Trends, published in 2011, revealed that:
- 60 % of employees say employee benefits offered are an important reason to remain with an employer.
- 61 % of employees report they value voluntary benefits as a way to obtain benefits that meet their personal needs.
- 52 % of employees are interested in having their employers provide a wider array of voluntary benefits that they can choose from and pay for on their own.
A study conducted by the independent non-profit Council for Disability Awareness found that:
- A healthy female office worker, age 35, has a 24% chance of becoming disabled for 3 months or longer, with a 38% chance that the disability will last 5 years or longer.
- A healthy male office worker, age 35, has a 21% chance of becoming disabled for 3 months or longer, with a 38% chance that the disability will last 5 years or longer.
According to research by CDA, the United States Social Security Administration.the Consumer Federation of America, the American Payroll Association, the American Journal of Medicine, and the U.S. Census Bureau:
- 60% of adult Americans have no money set aside for emergencies.
- 71% of Americans say they would have trouble paying their bills if their next paycheck were delayed for as little as a week.
- 65% of Americans could not cover normal living expenses for a year without their employment income; 38% couldn’t even last 3 months.