The quality of a company’s benefits program plays a vital role in employee retention. According to a 2022 Met Life study, 73% of employees cite benefits programs as a reason to stay with their current employers. In the same survey, when prioritizing benefits from most to least important, health insurance plans were at the very top of the list.
As this data clearly shows, offering a generous employee benefits plan is crucial to remaining a top employer. By doing so, you'll stay competitive, increase your employee engagement, and instill more employee loyalty in your staff.
Benefits administration software simplifies the entire benefits enrollment process, both for your staff and for the members of your human resources team.