Health Reform WK-EDGE Over half of employees say health insurance is essential to job satisfaction
News
Thursday, February 7, 2019

Over half of employees say health insurance is essential to job satisfaction

By Lauren Bikoff, MLS

Survey finds strong tie between health benefits and job satisfaction, calling health insurance the most important benefit.

Over half of employees (55 percent) said that health insurance is the most important benefit in terms of their job satisfaction, according to recent research from small business consultant Clutch. However, the survey found that 23 percent of full-time employees do not receive any benefits from their employers.

“If you offer health insurance, it will benefit you because you’ll have more productive, healthier employees,” said Lisa Oyler, human resources director at Access Development. “People are a valued asset. Offering these benefits and educating employees on how to utilize them is an investment in workers and in their long-term health.”

However, the survey found differences in how different generations value benefits. Only 44 percent of Millennials (ages 18-34) name health insurance as the most important benefit they receive, while 62 percent of Generation X and baby boomers say it is most crucial. Nearly a quarter (23 percent) of Millennials say that paid vacation time is their top priority, while 14 percent of Generation X and only 12 percent of Baby Boomers say the same. Clutch noted that employers can cater to their younger workers by creating flexible vacation policies that provide a base number of paid vacation days.

The survey also found the following:

  • Paid vacation time (65 percent) and health insurance (62 percent) are the most commonly offered benefits.
  • Only 21 percent of full-time workers receive paid parental leave, and just 8 percent receive some kind of child care stipend.
  • Most employees (52 percent) who are not satisfied with their benefits want more of a benefit they already have, and 14 percent want different benefits altogether.

IndustryNews: NewsStory AccessNews AgencyNews EssentialBenefitNews InsurerNews LargeEmployerNews NewsFeed

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More
Health Reform WK-EDGE

Health Reform WK-EDGE: Breaking legal news at your fingertips

Sign up today for your free trial to this daily reporting service created by attorneys, for attorneys. Stay up to date on health reform legal matters with same-day coverage of breaking news, court decisions, legislation, and regulatory activity with easy access through email or mobile app.

Free Trial Learn More