With the tight labor market showing little sign of abating, the importance of health and retirement benefits to attract and keep workers has soared to its highest level in a decade. Additionally, the number of employees willing to pay for more generous benefits has rebounded following a dip during the pandemic. These are among the key findings in a survey of more than 9,600 U.S. employees by WTW (Willis Towers Watson), a leading global advisory, broking and solutions company.
According to the survey, six in 10 employees (60%) cited their employers’ retirement benefits as an important reason they remain with their current employer, compared with 41% in 2010. Nearly half said their company’s retirement programs (47%) and healthcare benefits (48%) were important reasons why they joined their employers, versus just 25% and 32% in 2010, respectively.