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Benefits seen as essential, especially health coverage

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in Compensation and Benefits,Human Resources

More than three-quarters of American workers say their workplace benefits package is important to their decision to take or reject a job, according to new research by the Employee Benefit Research Institute (EBRI).

“Workers overwhelmingly consider health insurance to be the most important workplace benefit,” said Paul Fronstin, director of EBRI’s Health Research and Education Program. “We also find that many workers do not rate the benefits package offered by their employer as high.”

EBRI has been conducting its Value of Benefits surveys for 20 years. Among the findings from the latest poll:

  • Job satisfaction and worker morale are strongly correlated with benefits satisfaction. For example, 54% of those who are extremely satisfied with their benefits are also extremely satisfied with their current job, compared with just 20% of those who are very satisfied.
  • Nevertheless, 30% are only somewhat satisfied with the benefits offered by their current employer, and 20% are not satisfied.
  • 88% of workers report that employment-based health insurance is extremely or very important, far more than for any other benefit.

Find survey details at www.ebri.org.

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